RMC Real Estate is proud to present 243 Glen Osmond Rd, Frewville,an exceptional commercial property offering a secure long-term lease to the Salvation Army a government-funded, blue-chip tenant with 400 stores nationally.
Strategically positioned on Glen Osmond Rd, one of Adelaide's key arterial routes, this property boasts high exposure with a generous 32.9m frontage, capturing the attention of approximately 28,000 passing vehicles daily. Located in the City of Burnside, one of Adelaide's most prestigious and well-established residential areas, the site benefits from strong surrounding demographics and a thriving commercial presence.
Just 4 km (approx.) from the Adelaide city, this prime investment opportunity offers excellent connectivity to the city, the Adelaide Hills, and the inner eastern suburbs. The area's strong economic growth, high local spending power, and continuous infrastructure development further enhance the long-term value and income growth potential of this highly sought-after asset.
The property is being offered for sale by Best Offer, closing at 12 noon Wednesday 12th of March 2025, unless sold prior. Contact Peter Michos for further details.
Key Investment Highlights:
• Secure lease to The Salvation Army (Government-funded)
• Passing income: $180,000 per annum (Gross)
• Fixed 3% annual rent increases
• Lease term: 29/08/2024 - 28/08/2031, plus options extending to 2046
• Land 1288m2 with 32.9m frontage to Glen Osmond rd
• Building 614m2 approximately
• Solid brick construction
• bitumen onsite car parking
• Rare 32.9m frontage to Glen Osmond Rd
• Stamp duty-free investment in South Australia
Recent Property Upgrades:
• New ducted reverse cycle air conditioning
• Upgraded electrical board
• New automatic front door
• New rear roller door
• Upgraded lighting
• New perimeter fencing with automatic gates
A rare opportunity to secure a blue-chip commercial asset in a sought-after, high-profile location.
For more details, contact Peter Michos on 0418830152
Disclaimer: The information provided herein is for general informational purposes only and is intended to assist potential purchasers in conducting their own due diligence. While every effort has been made to ensure accuracy, RMC Real Estate makes no representations or warranties, express or implied, regarding the completeness, accuracy, or reliability of the information provided.
RMC Real Estate disclaims all liability for any errors, omissions, or misstatements, including but not limited to those relating to property dimensions, floor plans, land size, building age, condition, or any other details. Prospective purchasers must undertake their own independent investigations and obtain appropriate legal, financial, and professional advice before making any decisions.
RMC Real Estate accepts no responsibility or liability for any reliance placed on the information contained herein. All figures stated are exclusive of GST unless otherwise specified. Purchasers should seek professional advice regarding any GST implications.
