POSITION PERFECT - GREAT MAIN STREET PROMINENT CORNER LOCATION - QUALITY TENANT & AFFORDABLE INVESTMENT
6% YIELD!!!
The property comprises café/take away of approx. 113 m2 currently leased from 16th August 2023 for a three year term plus a two year option. Current passing rental is $32,250 per annum inc GST. Quality fitout with air conditioning, own amenities and security. Secure car parking for 1 car. Immaculately maintained by the sitting lessee.
Perfect north western corner position giving loads of natural sun light all year round. Just around the corner from The Heroic, an exceptional mixed-use development due for completion Q2 2024. Anchored by Crowne Plaza Hotel with 156 rooms, the development will be home to a thriving ground floor retail precinct.
The property is also just meters away from the 12 storey student accommodation development currently under construction. Both developments will bring foot traffic and people to the location further enhancing this fantastic opportunity. Ensuring ongoing foot and people traffic daily, the property is well located within easy access of the bus and train interchange and located within the defence (Edinburgh facility) and University sectors and expressway access to CBD and Port Adelaide.
Flexible Zoning allowing medical, education etc (subject to usual consents)
All areas/dimensions approximate
RLA 205498