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52-70 Frome Street Adelaide SA 5000

  • Other
  • Floor Size312 m²
  • PriceFor 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.

Property Highlights

Property ID2015415525
Floor Area312 m²
Land Area2,752 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  3 Jul 2019
Map for 52-70 Frome Street Adelaide SA 5000
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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