The property offers a multitude of uses (subject to usual consents). The current commercial tenant (Lady Liz Bridal) has occupied the property for the past 15 years and remain a monthly tenant currently paying approximately $45,175 per annum plus outgoings and GST.
The previous use of the bridal shop was restaurant (even some of the restaurant infrastructure is still on site).
The 3 upstairs units attract a rental of $200 per week (Unit 1), $220 per week (Unit 2 currently vacant) and $225 per week (Unit 3).
The site enjoys excellent exposure to Payneham Road with an average of 35,200 vehicles passing daily according to Transport SA figures.
Land size 18.29m frontage x 60.96m (approx. 1115m2) rear lane access via a right of way.
Zoning: Zoned by the City of Norwood, Payneham and St Peters as Residential 3 Zone
EXPRESSION OF INTEREST CLOSING 4PM MONDAY 26TH MAY 2014 (USB)
All areas approximate
