RE-DEVELOPMENT SITE WITH HOLDING INCOME

Nicely elevated corner allotment in centre of the township, with outstanding exposure to busy Mawson Road, with approx. 5,000 passing vehicles per day (dit.sa.gov.au 2021).

The main building has been split into two tenancies, now vacant but previously utilised as a pizza bar and a real estate office. Whilst there are many character features, the building would take a significant amount of love and restoration to bring it back to its best. There is also a stand-alone hair salon tenancy, being the verandah-fronted cottage facing Kondoparinga Road, and this building appears to be in good condition.

An ideal project for a builder / developer with ideas and vision.

Immediately opposite the local school and sports ground, and just a couple of doors down from the Post Office.

Single Torrens title.

The land area is approx. 500 sqm and the main building extends to approximately 263 sqm.

The hair salon has a periodic lease at a current net rent of $6,701.12 pa (excl GST).

Zoned - Local Activity Centre which typically includes areas comprising a small cluster of commercial and retail businesses including small-scale shops, offices, business, health and community facilities to provide daily services to the community.

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076

Nigel Grivell 0414 257 9...
Harry Sanders 0431 057 3...