52-70 Frome Street Adelaide SA 5000
- 312 m²
- For Sale, Contact Agent
FULLY LEASED CBD CARPARK WITH VALUE ADD
- DA Approved Value Add Potential
- Heart of East End
- Fully Leased Investment
- Development Plan Consent has been granted for an additional two floors of office accommodation.
- 3.94 Year WALE by gross income (as at 1 Aug 2019).
- Net passing income (fully leased) $2.244M pa approx.
- Approximately 94% of the gross rental is underpinned by a lease to Wilson Parking Australia (expiring 30 June 2023).
A 100% freehold interest in 52-70 Frome Street, Adelaide is offered for sale by Private Treaty.
|Floor Area||312 m²|
|Land Area||2,752 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||3 Jul 2019|