Level 2, 276 Flinders Street Adelaide SA 5000
- 404 m²
- For Sale, $2,450,000
CBD OFFICE WITH SIGNIFICANT 5.62 YEAR WALE
- Two tenants with net rent $163,654pa*
- Long term WALE of 5.62 years
- Asking yield of approximately 6.7%
Situated on the second floor of 'Flinders Loft' above exceptionally popular café 'Flinders Street Project', L2, 276 Flinders Street is nestled amongst a sensational streetscape. Located perfectly between the Hutt Street and the Rundle Street/East End, this vibrant area will ensure tenant demand remains strong.
Currently fully occupied with long term leases in place, this two-tenancy office investment provides a differentiated product with attractive yield, outstanding quality and surrounding amenity.
Further details as follows:
- Second floor office with two tenancies in popular East Adelaide precinct
- NLA of 404sqm*
- Fully leased providing a passing net rental of $163,654pa*.
- Tenants Advantage One & Save the Children on long term leases
- Fixed 3% and 4% increases respectively
- Long term income WALE of 5.62 years
- Further 5-year options on both leases
- Modern building further improved by surrounding amenity
- Shared foyer and bathroom facilities situated on Level 2
- 4 car parks all leased by tenants
For Sale via Private Treaty - $2,450,000
For more information, please contact:
Mitch Curnow - 0415 494 056
Ned Looker - 0448 689 573
|Floor Area||404 m²|
|Land Area||Ask Agent|
|Parking||On site parking available|
|Building Type||Partial building|
|Annual Return||Ask Agent|
|Last updated||15 Jun 2020|
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