Invest Now, Develop Later * Three street frontages create flexible development options * Site area 1,729 sqm (approx) * Quality office/showroom * Building area 1,327 sqm (approx) over 5 separate tenancies * Imputed net rental $265,000 p.a. (approx) * Excellent tenants * Potential to improve income * Showroom/office of 377 sqm (approx) available to occupy * Ample open and covered parking * Business Zone - West Norwood Policy Area * Inspections strictly by appointment with the consultants only
For sale by Expressions of Interest closing Thursday 6 April 2017 at 4pm (ACST).
Unlock one of Adelaide's Best Development Sites Knight Frank Adelaide is delighted to offer to the market For Sale an exceptional multi-level development opportunity in Norwood on The Parade, widely regarded as eastern Adelaide’s premier lifestyle, retail and commercial main strip.
The property comprises two regular shaped rectangular titles with a frontage of over 45 metres* to The Parade and a site area of 1,996 sqm*.
In addition is the option to purchase the property at 66a Sydenham Road, Norwood, currently comprising a residence, providing rear access to the main property via Sydenham Road and increasing the combined landholding...
Quality Fringe Investment * Current rental of $55,437 per annum approx * Securely leased until 31/8/2018 * Further term of 3 years * Rent review annually at 3%, market on renewal * Tenant pays all outgoings (exc Land Tax) * Situated on a strategic corner site of 644 square metres approx * Future development potential * Highly sought after Fringe location * Retail showroom/workshop of 423 square metres approx * Valuable rear access and car parking * Zoned Business - Beulah Road Policy Area
Quality Office Showroom and Warehouse * Total improvements 438 square metres (approx) * Fully fitted and air-conditioned * Tilt slab high clearance warehouse * Total site area of 456 square metres (approx) * Rear access and car parking * Inspections strictly by appointment with the consultant only
Public auction to be held on site Friday 1 May 2015 at 11am.
Inspection time: 3.00pm - 3.30pm Tuesday 21st April 2015
OUTSTANDING EXPOSURE - HIGH PROFILE CORNER SITE With approximately 25,000 vehicles passing this site everyday this is a fantastic opportunity to secure an exceptional property offering flexibility for the owner occupier or investor or a combination of both with two separate buildings on the site of some 650 square meters.
The main building fronting Magill Road of approx. 282square meters of floor area is well fitted out as showroom and offices with kitchen and toilet facilities, available with attractive short term lease to Mannix Air or vacant possession at the request of the Purchaser.