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Sold Retail found in ADELAIDE (METROPOLITAN), SA

UNDER CONTRACT

Retail

This development site of approximately 265sqm* is located in arguably the most sought after precinct in the city at the moment.
So close to the Adelaide Central Markets, Chinatown and a hype of development activity, the affordable site is well placed to be part of a future development, either now or not too distant future.
Currently the property is disposed as a warehouse and car parking.
There is approx. $21,350 per annum (inc GST) net holding income from longstanding tenants Angelakis Brothers who have occupied the property since 2007.
The site is zoned Capital City which allows for developments of up to 43 metres (Subject to Consent).
To discuss this property further please contact:
Lyndon Cocks- 0438 849 650
David Buenfeld- 0416 045 675
RLA: 231 015

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Sale Price: $860,000    Building: 95m²    Occupancy: Vacant

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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