Colliers International is very privileged to offer For Sale, by Public Auction, this absolute prime retail investment property in arguably one of Australia’s premier retail precincts.
It is without doubt, that 4-6 Jetty Road, Glenelg is one of the best properties in Glenelg. Positioned prominently on Moseley Square, at the very end of Jetty Road directly adjacent the terminus for the famous Adelaide to Glenelg tram, its location can only be seen as absolutely premium. The opportunity to acquire a property in this tightly held precinct, in one of Australia’s premium retail strips, is extremely rare and deserves your upmost attention.
To secure this property is to join a group of select few to own part of this valuable mixed use precinct. The property offers:
• A high quality retail investment leased to Mamma Carmela, a restaurant which has been trading for approximately 32 years
• Fully leased net income of approximately $262,198 per annum* plus GST
• Quality two level mixed use building, in an exceptional retail location, prominently positioned at the doorstep of the ‘Stamford Grand’ Hotel and Glenelg’s, Moseley Square
• The opportunity to own part of one of the most exclusive retail strips in South Australia, if not Australia
• Potential long term redevelopment potential with dual frontages to Moseley Square and St Johns Row (STCA)
First time offered in some 60 plus years, high street retail assets are in limited supply both locally and nationally and a property of this calibre, can only be considered as the rarest of opportunities.
Colliers International is exclusively appointed to offer for sale 4-6 Jetty Road, Glenelg by way of Public Auction to be held on-site on Friday 27 July 2018 at 11am.
An information memorandum is available upon request.
*approx.
To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:
Oliver Totani +61 412 808 743
Tom Isaksson +61 422 154 570
Jack Dyson +61 448 685 593
