LOCAL SHOPPING & COMMERCIAL CENTRE • In the heart of the Carlton Parade Business District
• High foot traffic
• 7 tenancies (including chemist, newsagency, post office, food outlet, etc.)
• 69 carparks
• Adjacent new Salvation Army Regional Centre
• Close proximity to new $6m oval upgrade, TAFE,
cinemas and other commercial/industrial sites.
• Space for expansion (STCC)
Redevelopment Opportunity * High profile corner site of 4,711 square metres (approx) * Three street frontages * Prime Town Centre location * Significant existing improvements * Includes former Town Hall and Court House * Zoned District Centre
Leased Investment with attractive yield Quality new investment property leased to "Cheap as Chips" for 10 + 10 years commencing 2011. Building allowance and depreciation benefits. Annual rental $312,085 per annum plus GST plus outgoings.
EXCEPTIONAL INVESTMENT IN PRIME NORTHERN HUB CITY. 5 5 YEAR LEASE COMM 1.10... Lease to long established local businesss, Toyworld and Babyland SA with annual reviews to CPI and market at conclusion of Term. Prime location adjacent Coles Supermarket and other quality tenancies.
Fantastic 21.98m frontage to Commercial Rd and rear access.
Port Augusta is SA prime far Northern hub and this property offers a great long term investment in this vibrant town. Very well priced seeking offers at 9% yield.
AN OUTSTANDING DEVELOPMENT * Fantastic "High Street" position cnr Commercial and Chapel Streets
* Fully redeveloped to 2007 specifications
* Massive growth opportunity
* New lease
* $123,500 excluding GST
To be offered by Public Auction at the Hilton Adelaide, Victoria Square, Adelaide on Thursday 28th June 2007 at 11am
Details: Simon Lambert 0408 846 999 or Brett McMutrie 0418 826 031