10 YEAR LEASE TO NATIONAL PHARMACIES Outstanding "Blue Chip" leased investment to national tenant being National Pharmacies. 10 year lease expiring November 2021. Tenant has been in occupation on this property since 1998.
Net income of $146,614 pa* (as at 1st November 2016) with fixed 3.5% increases.
Exceptional main road exposure to over 24,000* vehicles daily on Main South Road.
Fantastic presentation and fitout of shop with strong trading history.
Set amongst a strong retail precinct in Morphett Vale.
Standalone property on a site of 640sqm* and NLA of 448sqm.*
Perfect for Bulky Goods, Marine, Caravan or Automotive Retailers This fantastic retail site with a total developed area of approx 650sqm on a total large site area of over 2,200sqm (incl easement) would be ideally suited to a diverse range of uses. Previously utilized as an automotive crash repair business for over 25 years, the opportunity now presents itself to change the use to Caravan Sales and Service, Marine Sales and Service, Automotive Services, Bulky Goods Retailing, Pool Sales or any other use that you may desire (STCC).
The existing plant and equipment is available by negotiation or renovate to suit.
Current configuration includes an expansive...
5 SHOPS - 3 Shops currently leased - 2 vacant - Opportunity to part owner occupy centre - Total building area 355 sqm (app) - Total site area 745 sqm (app) - With public road access around entire title - Opportunity to upgrade centre - Current gross annual income $46,365