Prime Opportunity To Invest, Occupy or Redevelop.
Raine and Horne Commercial is pleased to present to the market 290 Unley Road, Hyde Park for Sale by Expression of Interest closing 3rd June at 4pm.
This opportunity will appeal to a wide range of purchasers from owner occupiers, investors to developers. Whether you're looking to expand your investment portfolio, establish your business in a thriving location or reap the benefits of redevelopment (subject to usual consents).
Strategically located along one of Adelaide's most sought-after roads and on the corner of Unley Road and Esmond Street this property provides excellent exposure to circa 26,600 passing vehicles daily.
The current improvements of approximately 329m2 nestled on approximately 673m2 of land allows up to 4 tenancies. Currently there are two vacant areas and remaining two tenancies (Chiropractor & Shoe Shop) are on periodic (monthly) leases providing a gross holding income of $44,307.60 plus GST. This flexible arrangement allows for an owner occupier to either occupy whole or portion of the site this receiving an income.
The valuable rear car park is configured currently to allow up to 12 parking bays providing convenience at your doorstep.
If redevelopment is more your style you can benefit from a favourable zoning classification of Urban Corridor (Main Street), allowing for a diverse range of residential, commercial and uses (subject to usual consents). making it an ideal opportunity for a savvy purchaser.
Don't miss out on this rare chance to own a piece of prime real estate!
Price Guide: In Excess of $2.4M
Daniel Romeo 0413 383 370
RLA 205498