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1-3/1249 South Road
St Marys SA 5042
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Sold on 1 Sep 2023

1-3/1249 South Road St Marys SA 5042

  • Shop & Retail
  • 639 m²
  • Sold

FULLY LEASED RETAIL INVESTMENT

  • Total build area of 639sqm*
  • High exposure corner allotment
  • Ample on-site parking

Units 1-3 1249 South Road, is a property that presents itself proudly on one of Adelaide's busiest roads. This fully leased asset has a lot of upside, leased out on very low rates, providing purchasers a chance to boost their returns in the future. With only one other owner in this strata and re-development clauses in the leases, there is also an opportunity down the track to potentially develop. The high exposure, ample parking and corner allotment will always attract retailers giving confidence to purchasers.

The other key points of the site include;
- Fully leased with an estimated net return of $105,747* pa
- Total build area of 639sqm split into three tenancies
- High exposure corner allotment
- Ample on-site parking
- 47m* of frontage to South Road
- Employment Zoning

For Sale Via Private Treaty - $1,650,000 - $1,690,000

Please contact the sole marketing agents with any other questions:
Rhyce Scott: +61 422 960 585
Ned Looker: +61 448 689 573

*Approx

CBRE South Australia RLA 208125
CBRE South Australia RLA 208125
Level 20/83 Pirie Street
Adelaide, SA 5000

Property Highlights

Date Sold1 Sep 2023
Floor Area639 m²
Land Area639 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018196843
Category
Last updated  5 Sep 2023
Map for 1-3/1249 South Road St Marys SA 5042
CBRE South Australia RLA 208125
CBRE South Australia RLA 208125
Level 20/83 Pirie Street
Adelaide, SA 5000

Property Highlights

Date Sold1 Sep 2023
Floor Area639 m²
Land Area639 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018196843
Category
Last updated  5 Sep 2023

Co-Agents

Rhyce Scott
CBRE South Australia RLA 208125
Call
+61 422 960 585
Ned Looker
CBRE South Australia RLA 208125
Call
+61 448 689 573

More about 1-3/1249 South Road St Marys SA 5042

1-3/1249 South Road St Marys SA 5042 is categorized as Shop & Retail Property. It has a floor area of 639 m² and a land area of 639 m². The listing ID for this property is 2018196843.

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