Fully Leased two level building, AFM Services Accounting, Management Services occupy the first floor and on the Ground Level SKD Designs a moto graphics company servicing national and international moto industries. The estimated annual net income is $105,885 and the property is to be offered for sale by public auction. It is anticipated that the property will show a generous return to current cost of funds and represents an affordable addition to a property portfolio or ideal for first time commercial investor.
A much sought after location the property is some 3km east of the CBD and within 1km of the popular Norwood retail and commercial precinct. Louis Street runs north off of Magill Road just west of the Osmond Terrace/Nelson Street intersection.
The improvements consist of a two level building of solid construction, stylish modern façade with on site carparking. Level 1 provides a modern fitout with reception, board room, 10 executive offices, open plan, compactus, store, lunch suite and amenities. Ground floor comprises open plan studio with lunch suite and amenities. The overall Gross Lettable Area is some 510 square metres. Further features includes parking for 12 vehicles and solar panels.
The site has a 15.24 metre frontage to Louis Street provides an overall area of approximately 564 square metres.
Investment Considerations
- Popular location
- Fully leased, net leases annual increases
- Stylish building low maintenance
- Affordable price bracket
- High yield anticipated
