Location:

74-74A , Melbourne Street, NORTH ADELAIDE, SA

Price:

$1,225,000-$1,225,000

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When the opportunities are endless...

Type: FOR SALE

Property Features
  • Category : Retail
  • Land Area:530 Square Metres
  • Building Area: 174
  • Tenancy: Vacant

Property Description
Keep as is, renovated or go big with the potential to go four stories high(STCC)

Ray White Adelaide Group is proud to present this awesome offering.

bull; Located in one of Adelaide's premier streets, with a mix of shops, residences and offices.

bull; A short stroll to the Adelaide CBD, Adelaide Oval and everything else North Adelaide has to offer

bull; Land Size 529sqm approx

bull; Currently split into two tenancies, one used as a storage station and the other a cafe

bull; Total Building site area of 171sqm approx

bull; Rear access from Sussex Street, 9 meter frontage to Melbourne St.

bull; Main Street (Melbourne East) zoning allowing for future development up to 4 storey's high (STCC)

bull; 74 leased until 31st October 2019 - $36,427p.a. plus GST 74a leased until 30th June 2019 - $20,020p.a. plus GST with options for another 4 years. (these figures are based on when the leases started, they have risen since)

Please feel free to call me to discuss any further questions or quieries you may have.


RLA 275886|250254
Property Agent

Advert Id:61411

Name:George Kargiotis

Phone: 0421 5****

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