Offered for Sale via "Best Offers by 12pm, 14 June 2024'.
City Realty proudly presents an exclusive opportunity to acquire a cherished property nestled in the heart of Adelaide's dynamic East End Precinct. Situated in the iconic Ebenezer Place, renowned for its European charm and bustling atmosphere, this property embodies the essence of blue-chip commercial real estate.
**7 Ebenezer Place: Home to Aunty Meg's Kitchen**
Step into the soulful ambiance of Aunty Meg's Kitchen, a beloved establishment serving authentic South African delicacies. Owned and operated by the esteemed Aunty Meg herself, this family business has been a cornerstone of the precinct, offering patrons an unforgettable culinary experience.
**Investment Highlights**
Blue-Chip Location:
Positioned in a highly sought-after area with a proven track record of successful businesses.
Secure Tenancy:
Enjoy the peace of mind with a secure tenancy agreement, including the right to renew for three years until October 2028.
Stable Income:
Benefit from a net lease generating $38,008.91 in gross income, providing a solid foundation for your investment portfolio.
Growth Potential:
Experience steady growth with fixed annual increases of 3%, coupled with market reviews upon lease renewals.
Practical Space:
An approximate internal building area of 37sqm within a well-managed strata title precinct, with outdoor dining infront.
High Foot Traffic:
Capitalize on the bustling foot traffic, ensuring consistent revenue streams to meet rent obligations and drive business growth.
Cultural Hub:
Immerse yourself in the vibrant atmosphere of the Fringe Festival, right at the doorstep of this iconic establishment.
Contact Us:
Seize this unparalleled investment opportunity today. For further information or to arrange a viewing, please contact Cameron Garry at 0458 427 792.
Don't miss out on this rare chance to own a piece of Adelaide's cultural and commercial heritage. Act now and make your mark in the heart of the East End Precinct.
Disclaimer:
This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 323 903
