Substantial Industrial Investment with Development Upside
Belle Property Commercial is privileged to offer to the market for sale the property situated at 838-842 South Road and 4-6 Castle Street, Edwardstown.
Comprised within four allotments, this substantial corner site measures some 5,209 square metres* and has versatile improvements totalling 3.836 square metres* comprising office, showroom and warehouse.
Leased to highly respected family business A.H. Beard, who has been producing mattresses since 1899.
Key features of this exceptional offering include: Substantial corner site totalling 5,209 sqm* - two street frontages Versatile office/showroom/warehouse/factory of 3,951 sqm* (Gross building area) 50 metre* frontage to South Road Valuable hardstand Onsite visitor and staff parking for 27 vehicles* High visibility to passing traffic $306,824.66 per annum* net annual income Current leases expire May 2025 Strategic location with easy access to major transportation routes Zoned Employment in the City of Marion
The property represents an excellent and strategic opportunity to acquire a potential land bank for future development having a 50 metre* frontage to South Road and a further 100 metre* frontage to Castle Street, returning excellent holding income with a quality tenant who has operated from the property for many years.
Inspections by appointment with the consultant only.
For further information on this exceptional opportunity, please contact the exclusive selling agents.