Amazing opportunity to own property in one of Adelaide's most tightly held areas, overlooking beautiful Victoria Park and within close walking distance to a number of cafes and restaurants, and within minutes of the CBD! This property boasts convenience and ample opportunity for investors or owner occupiers with fantastic future development upside!
This Victorian-style building has a total land size of approx. 548sqm and a NLA of approx. 306sqm which comprises two separate tenancies and on site parking. The two tenancies generate a total gross rental of approx. $70,993 p.a
The lessee Attache Software Australia Pty Ltd tenancy A has advised that if required they are willing to vacate the tenancy 2 or continue to lease out, while the GSM tenancy B is leased until 2024.
Tenancy A enjoys 4 offices, with a reception room/5th office, kitchenette and lunchroom, 2 x w/c, shower and ample natural lighting. Tenancy B enjoys 4 offices, with a reception or 5th office, kitchenette and lunchroom, 2 x w/c and rear access. Both
tenancies enjoy ample natural lighting throughout, a beautiful stone façade, with large front-facing windows and a high twin gabled roof with bay windows, main road exposure along Fullarton Road, and easy access to public transport and major transport corridors.
Additional features of this offering include the opportunity to re-develop for up to 7 levels (STCC), with plenty of onsite and side street parking.
Zoning for the property is Urban Corridor (Boulevard) within the City of Burnside. This strategically located property is sure to create interest from investors, self-managed superfunds, developers and the like looking to expand their portfolio within a tightly held location.
For Sale by Expression of Interest, closing Wednesday the 2nd of November 2022 at 4pm (USB).
Get in touch to book and inspection or register your interest!
Contact Derek Blacker on 0413 274 481 or Daniel Romeo on 0413 383 370
RLA 205498/236457
