Significant Main Road Investment - Fully leased to Radio Rentals to April 2020, a well established retailer trading at this location for over 28 years
- NOI $922,405.40pa* from 18 April 2017
- Site area of 10,833sq m*
- Gross building area of 9,775sq m*
- 3.0% annual increases
For Sale by Expressions of Interest closing Thursday 23 March 2017 at 4pm (ACDT)
SOLD SOLD SOLD EXCEPTIONAL LEASED INVESTMENT LONG TERM LEASE TO RAPID SURF & SKI
Rapid Surf & Ski has been located at this site for over 30 years! Current lease to September 2021 with further 5 year Option. Current passing net rental of $59,091 pa. Quality improvements of 260 m2 with open showroom/retail, storage, office and amenities. High profile corner site minutes to the CBD with exposure to over 47000 vehicles daily*
*DPTI Traffic volume survey.
Auction: 11am Thursday 8th December 2016 on site (USB)
RLA 205498 & 166790
All areas & dimensions approx
FULLY LEASED INVESTMENT This refurbished commercial and retail complex is located in a prime position along one of Adelaide's main arterial roads in the popular commercial and retail hub of Prospect.
This complex has recently undergone a refurbishment of the highest standard and is able to be offered as a leased investment or opportunity to provide a mixture of tenanted suites and vacant areas perfect for an owner occupier or astute investor.
The property features
- Total site area approx 473m2
- Total building area approx 455m2
- Alarmed communal area