Whole Building/162 Grange Road Flinders Park SA 5025

Knight Frank is delighted to offer to the market this fully occupied mixed use facility located at 162 Grange Road, Flinders Park.

The subject property comprises a 2-level residential flats on the upper level, commercial tenancy on the lower with 2 level de-attached dwelling and rear cottage all home and work to long term occupiers.

Knight Frank recommend the key investment highlights:
+ Current Lease to Wilsmore Paterson (Commercial) ground floor of $42,000 per annum plus Outgoings and Residential income producing $79,320 per annum gross*
+ Favourable and High-Profile location along Grange Road, Flinders Park with passing daily traffic of 33,000*
+ Total net lettable area of 685.8 sqm* over the improvements
+ Irregular shaped allotment of 917 sqm* with 19.9m* frontage to Grange Road and secondary frontage to Scott Avenue 44.5m*
+ Prime corner allotment with ample upside for future development (STCC)
+ Strategic location, within a 5km* radius and located nearby important public infrastructure, St Michaels Primary School (700 metres*), Nazareth Catholic College (1.3 kms), Coles Findon (2.6 kms*) and Queen Elizabeth Hospital (4 kms*)
+ Flinders Park: only 7kms* from the Adelaide CBD and home to 17,386 residents with a median house price of $900,000. (3) (4)
+ Total of 6 car parks for residents and ample off-street parking in Scott Street
+ Annual Income of $115,320 pa* + GST

This property will be open for inspection on Wednesday 20 November 2024 from 4:00pm - 4:30pm.

162 Grange Road, Flinders Park is offered for sale by Expressions of Interest closing 4th of December 2024 at 4:00pm (ACDT).

*Approx.