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9-29 Desmond Avenue Pooraka SA 5095

  • Shop & Retail
  • 1,059 - 2,240 m²
  • For Sale, $2,290,000 (excl. GST)

High yielding shopping centre investment

    JLL is pleased to present the Pooraka Shopping Centre for sale a high-yielding neighbourhood shopping centre anchored by Foodworks and providing a net yield in excess of 6.25%.

    The property is situated on a highly visible corner site of 2,240sqm* just 200m* to Bridge Road. The 1,059sqm* building has been recently painted with fresh landscaping outside.

    The centre is leased to anchor tenant Foodworks Supermarket and 5 specialty stores, providing a diverse mix of tenants including hairdresser, beauty salon, fitness centre, pizza bar and laundromat. There is one vacancy of circa 100sqm (two shops combined) providing further upside to the passing income.

    Pooraka Shopping Centre produces passing net income of approximately $143,600 per annum after expenses, reflecting a net yield of over 6.25%. We consider the property to be a fantastic investment and have no hesitations in recommending this for your consideration.

    For further information or to arrange and inspection of the property please contact exclusive selling agent JLL.

    JLL RLA 1842
    *Approx

    Jed Harley
    JLL - Adelaide
    Jed Harley
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide

    Property Highlights

    Property ID2016816871
    Floor Area1,059 - 2,240 m²
    Land Area2,240 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  5 Aug 2021
    Map for 9-29 Desmond Avenue Pooraka SA 5095
    Map for 9-29 Desmond Avenue Pooraka SA 50959-29 Desmond Avenue Pooraka SA 5095
    Jed Harley
    JLL - Adelaide
    Jed Harley
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide

    Property Highlights

    Property ID2016816871
    Floor Area1,059 - 2,240 m²
    Land Area2,240 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  5 Aug 2021
    JLL - Adelaide
    Level 18, Grenfell Centre 25 Grenfell St Adelaide SA 5000
    Jed Harley
    JLL - Adelaide
    Jed Harley
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Roger Klem
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide
    Sam Alexander
    JLL - Adelaide
    Jed Harley

    Jed Harley

    JLL - Adelaide

    Roger Klem

    Roger Klem

    JLL - Adelaide

    Sam Alexander

    Sam Alexander

    JLL - Adelaide

    +61 *** ***
    +61 418 807 920

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