Mile End SA 5031

This land is a large prime office and depot site proximal to two major arterial roads located 3mins from the Adelaide CBD and within 6 minutes drive to Adelaide International Airport. There are two commercial sub-tenants on site. The principal tenants (whose parent company owns the property) are also selling their highly profitable Truck and Car Rental businesses and the preference is to sell both the businesses and the land as a package. The business has assets worth $3mil. and goodwill assessed at $5mil. The businesses together enjoy a turnover of $3.2mil. and net profit of $1.56mil