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98 Frome Street
Adelaide SA 5000
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98 Frome Street Adelaide SA 5000

  • Shop & Retail
  • 178 m²
  • Commercial Auction

SOLD BY MATT LAZARUS & TONY RICKETTS

    SOLD AT AUCTION BY MATT LAZARUS & TONY RICKETTS

    On behalf of our valued client, Matt Lazarus & Tony Ricketts as exclusive listing agents are thrilled to present to the market also for sale Lot 5, 98 Frome Street Adelaide, by way of public auction on Thursday the 26th October at 11:30am (USP).

    Comprising an area of approximately 178 square meters, the property is leased to Metro Homes as their selection centre. Fitted out to the highest standard, this A grade showroom has become an integral part of the Lessee's thriving business.

    The property has two (2) dedicated basement car parks on the community strata title (which are not included in the Metro Homes lease) also offering additional revenue opportunity.

    Tenant Profile
    Metro Homes
    Lease commencement: 1 November 2020
    lease term: Five (5) years
    Expiry date: 30 November 2025
    Renewal option: Five (5) years
    Further option: Five (5) years
    Gross rental: $73,244.00 + GST per annum

    The property will be sold by way of public auction at 11:30am on the 26th October 2023 (to commence immediately after the auction of 96 Frome Street).

    For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 0430745100 or Tony Ricketts on 0418827911

    Disclaimer:
    1. None of the Sophon Realty Pty Ltd & Sophon Group Pty Ltd Trading As Ray White Norwood, or Trebmal Pty Ltd Trading As RWC Adelaide Asset Management nor any of their respective officers, employees or consultants ("we, us") make any representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
    2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative
    only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
    3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
    4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any price is inclusive or exclusive of GST.
    5. We are not valuers and make no comment as to value. "Sold/ leased" designations show only that stock is "currently not available" - not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer

    AUCTION

    Auction date and time26/10/2023 11:30
    Auction location98 Frome Street, Adelaide SA

    Property Highlights

    Floor Area178 m²
    Land AreaAsk Agent
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2018807396
    Category
    Last updated  27 Oct 2023
    Map for 98 Frome Street Adelaide SA 5000

    Property Highlights

    Floor Area178 m²
    Land AreaAsk Agent
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2018807396
    Category
    Last updated  27 Oct 2023
    93 Frome St Adelaide SA 5000
    Tony Ricketts
    Tony Ricketts
    Ray White Commercial Adelaide Asset Management
    Matt Lazarus
    Matt Lazarus
    Ray White Norwood

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