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904 South Road
Edwardstown SA 5039
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Sold on 12 Jan 2022

904 South Road Edwardstown SA 5039

  • Shop & Retail
  • 186 m²
  • Sold

Mixed Use Investment with Main Road Exposure

- Net annual income of $38,504.41*
- Two tenancies - ground floor commercial and first floor residential
- Zoned Employment
- Total building area of 186 sqm*
- Total site area of 350 sqm*
- 3 on-site car parks
- Substantial upside in ground-floor rental

904 South Road, Edwardstown presents an ideal high exposure investment opportunity with a net annual income of $38,504.41*. The fantastic property is recently refurbished and includes 3 on-site car parking spaces, disabled access facilities and great street presence to South Road.

This property offers an attractive return with diversified income from a commercial and a residential tenancy. The ground floor tenancy is currently leased to Black Forest Optical on a brand new, 2-year lease for approximately $30,000 per annum plus outgoings and GST. The first floor is currently leased as an AirBnB tenancy and is fully-booked for weeks to come ($55 per night). The history of this tenancy on a long-term residential basis suggests that it has been easily able to achieve $300 per week ($15,600 per annum*).

For all enquiries or for more information on 904 South Road, Edwardstown please contact Saxon Smith of McGees Property (RLA 1722)

(* approx.)

McGees Property Adelaide
McGees Property Adelaide
60 Waymouth Street Adelaide
Adelaide, SA 5000

Property Highlights

Date Sold12 Jan 2022
Floor Area186 m²
Land Area350 m²
ParkingAsk Agent
Property ID2016802237
Category
Last updated  17 Jan 2022
Map for 904 South Road Edwardstown SA 5039

Nearest transport* to 904 South Road Edwardstown SA 5039

Bus
Stop 11 South Rd - East side179 m
Stop 11 South Rd - West side237 m
Edwardstown Railway Station286 m
Stop 12 South Rd - West side325 m
This data is sourced on 26/11/2024 from Department for Infrastructure and Transport, South Australia, Adelaide Metro General Transit
*Within a 4km radius
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McGees Property Adelaide
McGees Property Adelaide
60 Waymouth Street Adelaide
Adelaide, SA 5000

Property Highlights

Date Sold12 Jan 2022
Floor Area186 m²
Land Area350 m²
ParkingAsk Agent
Property ID2016802237
Category
Last updated  17 Jan 2022

Listed by

McGees Property Adelaide
Call
08 8414 7800

More about 904 South Road Edwardstown SA 5039

904 South Road Edwardstown SA 5039 is categorized as Shop & Retail Property. It has a floor area of 186 m² and a land area of 350 m². The listing ID for this property is 2016802237.

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