1055 South Road Melrose Park SA 5039

SOLD by Derek Blacker!! More properties Wanted

This fully leased investment property will be a valuable addition to your commercial property portfolio, or to start off your commercial property investing journey.

The property has a new 5 + 5 year lease commenced 1st May 2021 with net income of approx. $60,000 per annum plus GST and outgoings payable in addition to the rental by the lessee. A gold standard investment with generous returns!

The property features a fabulous open plan showroom with large display windows facing the main transport corridor of South Road. The 27m frontage to South Road is exposed to up to approx. 50,000 passing vehicles daily (traffic numbers from DPTI)

The property has recently been upgraded with new male and female bathrooms (male with shower), fresh paint inside and out, and new quality flooring giving the property a sharp and modern presentation.

There is a total net lettable area of approx. 293sqm and the property enjoys a valuable corner location, with both street and onsite car parking. With the South Road tunnel upgrade now going ahead (subject to government policy) now is the time to invest in the inner south!

Surrounded by well established businesses along South Road, this property enjoys large numbers of drive by traffic and is in the company of many other quality businesses and service providers.

Please contact today to find out more.

Contact Derek Blacker on 0413 274 481 or derek.blacker@rhc.com.au
RLA 205498/236457