CBRE and McGees Property are excited to present to market this exciting Rundle Mall, multi-tenanted investment property that sits on the corner of the Mall and Twin Street.
Following some advice over the last 12-months, the vendors have restructured the lease throughout the building and now offer the space as a premium leased investment along the tightly held Rundle Mall. Excluding the residential tenancies, the property boasts a WALE of just under 4 years (as at 1 July 2024), together with the short term value-add from the 2-floors and 11 units currently let on 6-12 month residential agreements.
The high profile location, paired with the opportunity for rental growth in the short term makes this an unmissable opportunity, which is highlighted by the below key points:
- Net Passing income of $465,051 p.a.
- Commercial tenancy WALE of 3.98 years (by income)
- 11 short-term residential agreements providing immediate value growth
- Prominent corner location with a combined 37m frontage
- Full site coverage basement space with lift access
- Zoned City Main Street (Rundle Mall)
For Sale via EOI closing the 13th of June at 4:00pm
