Raine & Horne Commercial SA are proud to offer for sale this opportunity in Adelaide's inner south-west. The property is described as Unit 5 in Strata Plan 3011.
The property is being offered subject to an existing lease expiring 31st July 2023 with one further right of renewal of 2 years. The current annual rental is $29,500 per annum plus outgoings and GST.
LOCATION:
The property is located approximately 7km (as the crow flies) from the Adelaide CBD and enjoys great exposure to Marion Road. There is ample on street parking and a solid tenancy mix adjacent the property.
IMPROVEMENTS:
The property comprises 266m2 approx with shopfront, work/processing areas with floor drainage, grease trap, Coolrooms, freezer/s, storage room (currently occupied by drier), 3 phase power, amenities and rear car parking.
Perfect for investors or eventual owner occupiers.
THE LEASE
• 2+1+2 years commencing 1st August 2020
• Current rental $29,500 per annum plus outgoings and GST
• Annual Reviews fixed at 3% and market at renewal
*All areas/dimensions approximate
RLA205498