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