Savills in conjunction with Toop+Toop is pleased to offer 2A Hawker Street, Ovingham to the market via Public Auction.
Tenanted Investment with Future Development Potential
With future development potential and valuable holding income, this unique property appeals to both astute investors and developers alike. Situated 2.9 km* from the Adelaide CBD, the impressive 2,001 sq m* allotment boasts dual access points for the well-established tenant Bowden Gym Collective.
Positioned within Bowden which is rapidly becoming Adelaide's most commutable suburb and known as the State Government's first higher-density urban infill project, this is a rare opportunity to purchase this exciting, leased investment with future upside.
Key Investment Highlights: Valuable holding net income of $119,736.00* plus GST and outgoings Future development upside Leased to Bowden Gym Collective until 2026 with a further 5-year option Strategic inner northern location surrounded by high- density residential catchment 2,001 sq m* site area with valuable rear lane access 1,410 sq m* of building area with multiple rooms and quality amenities Spanning across 2 titles Zero stamp duty Zoned Established Neighbourhood within the city of Charles Sturt
Inspections are strictly by appointment only with either of the exclusive agents below.
For all the details please don't hesitate to contact the joint agents below.