HIGH YIELDING FULLY LEASED INVESTMENT - EXTENSIVELY REFURBISHED - QUALITY TENANTS - SUPERIOR LOCATION
4 Smart Road, Modbury, SA 5092
This landmark building provides the perfect investment in an exceptional location adjacent Modbury Triangle, Modbury Hospital and Westfield TTP. Leased to quality tenants (Rowe & Partners Accountants, Family Law Lawyer, Medical Research and Max Solutions). Current net rental approx $266,884 per annum ex GST.
The building has undergone comprehensive upgrading including all new ceilings throughout, extensive rewiring including separation of meters, upgraded meter boards, security, lift from under croft carpark to top floor, secure under croft parking and excellent street presence, upgraded air conditioning, new floor coverings throughout and a great outlook with loads of natural light and NBN access. Good depreciation benefits.
The first floor is currently configured as three tenancies and Max Solutions occupy the whole ground floor.
The property enjoys great exposure to Smart Road and good visibility to North East Road.
Gross Building area approx. 905 m2 on land approx. 685 m2.
The property is located within the City of Tea Tree Gully and is within the Urban Core Zone
* All areas/dimensions approximate
RLA 205498