Three adjoining and internally-linked strata titled units, leased to highly regarded tenants, 'The Salvos' - The Salvation Army (South Australia) Property Trust.
Subject to long-term leases until 31-Jul-28, plus two 5 year renewal options
Total current net rental income of $34,926.56 + GST pa, subject to annual CPI rent reviews (next due on 01-Aug-24)
Total internal floor area of approximately 160.7m2
The property comprises three inter-connected units within a small Strata complex, positioned on a busy stretch of Mount Barker Road that connects Bridgewater and Aldgate.
The single storey building is of besser brick construction with glazed frontage and a 2.3m deep veranda which extends across the full frontage of the building.
Internally, the premises are configured to provide a large expanse of retail space, plus staff room and storage area.
Further features include:
Separate electricity meters and switchboards for Units 3-4, and Unit 5.
Heating and cooling by split system wall mounted units
Excellent signage opportunities to Mount Barker Road
Convenient car parking at front and rear of the building
FOR SALE - OFFERS IN EXCESS OF $550,000.
There is no GST applicable to the sale price as, with the leases in place, this is to be treated as a Going Concern.
There is no Stamp Duty.
For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346
