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1-3 Finniss Street
North Adelaide SA 5006
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1-3 Finniss Street North Adelaide SA 5006

  • Shop & Retail
  • 284 m²
  • Commercial Auction

North Adelaide Icon Owner Occupier Opportunity with Holding Income

    - Classical two-storey building of 284 sqm* with all the modern luxuries
    - Dual tenancy - fully leased until February 2025
    - Prime North Adelaide corner site of 165 sqm* overlooking parklands
    - Upstairs potential for office or residential use (STCC)
    - On-site car parks for up to 2 vehicles and lift access
    - Zoned City Living

    McGees Property are delighted to offer the freehold sale of 1-3 Finniss Street, North Adelaide.

    A classical building, brilliantly positioned on the corner of Finniss Street and Mackinnon Parade, 1-3 Finniss Street is fully occupied with reputable tenants with tremendous and immediate owner occupier upside.

    Currently leased with a strong net estimated income of $92,131 per annum* plus GST. Purchasers will have the opportunity to invest in a North Adelaide icon to either occupy in the future, or re-lease for future rental upside.

    Ground floor is currently leased to a highly regarded beautician, with an upcoming market rent review in May 2025 presenting an opportunity for rental uplift. First floor tenancy leased to an education operator set to vacate in February 2025, an opportunity for owner occupiers' business or residential occupation (STCC).

    For Sale by Public Auction to be held on site on Thursday 14 November 2024 at 11am.

    For more information, or to arrange for an inspection of 1-3 Finniss Street, North Adelaide, please Contact Charlie Caruso or Simon Lambert of McGees Property (RLA 1722).

    (* approx.)

    Auction date and time14/11/2024 11:00
    Auction location1-3 Finniss Street, North Adelaide SA
    McGees Property Adelaide
    McGees Property Adelaide
    60 Waymouth Street Adelaide
    Adelaide, SA 5000

    Property Highlights

    Floor Area284 m²
    Land Area165 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019561421
    Category
    Last updated  15 Oct 2024
    Map for 1-3 Finniss Street North Adelaide SA 5006
    McGees Property Adelaide
    McGees Property Adelaide
    60 Waymouth Street Adelaide
    Adelaide, SA 5000

    Property Highlights

    Floor Area284 m²
    Land Area165 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019561421
    Category
    Last updated  15 Oct 2024

    Co-Agents

    Charlie Caruso
    McGees Property Adelaide
    Call
    0402 632 140
    Simon Lambert
    McGees Property Adelaide
    Call
    0408 846 999

    More about 1-3 Finniss Street North Adelaide SA 5006

    1-3 Finniss Street North Adelaide SA 5006 is categorized as Shop & Retail Property. It has a floor area of 284 m² and a land area of 165 m². The listing ID for this property is 2019561421.

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