Dynamic Property with Perfect Mix Strategically located in the heart of the retail and commercial precinct in Noarlunga.
A compelling investment leased to Government and Brand Tenants.
- Four street frontages, four titles
- A site area of 15,071square metres*
- Estimated Net Income $1,428,067pa*
- Building area of 7,454square metres* over 8 tenancies
- Constructed in 2009
- Asking Yield 7.95%
Former Morphett Vale Preschool Under Instructions from Renewal SA
* Total site area of 1,586 sqm (approx) * Excellent frontage of 44.68 metres (approx) * Former preschool with 5 main rooms plus amenities * Total building area of 188 sqm (approx) * Utilise existing improvements or redevelop (stc) * Zoned Residential - Medium Density Policy Area 40 * Inspections strictly by appointment with the consultants only
For further information contact McGees Property: James Juers 0438 442 909 Simon Lambert 0408 846 999
G8 Education Leased Childcare Centre The property is situated on the corner Flaxmill Rd and Mains Rd. Morphett Vale is located approximately 29km from the Adelaide CBD. Per capita, Morphett Vale is the largest suburb in the state with a population of 23,000 and an area of 12.76km².
• Secure 10 year lease plus options through to 2041
• G8 Education Limited are the largest ASX listed early education provider with over 450 centres nationally
• Annual rent reviews consisting 4% annual increases
• Modern purpose-built facility with a license for 85 places
• Land area 1,902m²
• Net income approx. $175,879.34
PROFESSIONAL OFFICE SUITE > 92m (approx) of individual offices, open plan space, large meeting rooms
> Kitchen/lunch room
> Air conditioning
> Car parking at rear with ramp to first level
> Surrounded by professional industries