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1239-1245 South Road
St Marys SA 5042
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Sold on 11 Sep 2023

1239-1245 South Road St Marys SA 5042

  • Shop & Retail
  • 1,164 m²
  • Sold

Value-Add Investment/Development Opportunity

    UNDER CONTRACT - CONTACT AGENT FOR SIMILAR PROPERTIES

    Arguably one of the best holdings in its vicinity, 1239-1245 South Road, St Marys is an exceptional investment and development site with substantial improvements across three titles.

    - Outstanding opportunity to acquire a versatile multi-tenant investment
    - Four tenancies - leased to Burns for Blinds, South Road Chiropractic and Tike Pty Ltd with one vacancy
    - Total building area of approximately 1,180 square metres*
    - Total site area of approximately 3,176 square metres*
    - Corner site with wrap-around car parking and multiple access points
    - Secure leases with Redevelopment provisions in place

    - Part of broader South Road Portfolio Sale

    Currently leased to Burns for Blinds, South Road Chiropractic and Tike Pty Ltd, the property has substantial upside in its remaining vacancy and in future rental uplift to the areas that are currently leased.

    1239-1245 South Road benefits from rear roller door access to its tenancies, multiple access points, strong traffic exposure on the outbound side of South Road, corner frontages to South Road and Merriton Avenue and massive future development potential.

    This property is available for sale as a standalone premises or in conjunction with the balance of the South Road Portfolio Sale including 1219 South Road and 1-3, 1231 South Road, St Marys.

    1239-1245 South Road, St Marys is available with 'Best Offers' by 5pm Friday, 29th September 2023 unless sold prior.

    *Approximate

    For more information or to book an inspection of 1239-1245 South Road, St Marys, please contact Saxon Smith from City Realty (RLA 323 903).

    EXPRESSION OF INTEREST

    Closing date and time29/09/2023 12:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    Higher Commercial
    Higher Commercial
    43 Sturt Street
    Adelaide, SA 5000

    Property Highlights

    Date Sold11 Sep 2023
    Floor Area1,164 m²
    Land Area3,176 m²
    ParkingAsk Agent
    Property ID2018729700
    Category
    Last updated  19 Nov 2023
    Map for 1239-1245 South Road St Marys SA 5042
    Higher Commercial
    Higher Commercial
    43 Sturt Street
    Adelaide, SA 5000

    Property Highlights

    Date Sold11 Sep 2023
    Floor Area1,164 m²
    Land Area3,176 m²
    ParkingAsk Agent
    Property ID2018729700
    Category
    Last updated  19 Nov 2023

    Co-Agents

    More about 1239-1245 South Road St Marys SA 5042

    1239-1245 South Road St Marys SA 5042 is categorized as Shop & Retail Property. It has a floor area of 1,164 m² and a land area of 3,176 m². The listing ID for this property is 2018729700.

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