129 Melbourne Street,
North Adelaide, SA 5006
Shops & Retail • Offices
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
NABERS
Sold on
Map of 129 Melbourne Street
An opportunity doesn’t knock, it only...
A fantastic mixed-use investment opportunity in one of Adelaide’s most sought-after locations being. 129 Melbourne Street, North Adelaide. A precinct known for its diversity in commercial land use including retail shops, pubs, cafés, offices and medical practices, it also boasts a surrounding medium-high density residential community. A Torrens- titled allotment with a total building area of 280sqm* distributed over 2 levels and a combined passing rental income of $104,000 p.a. + GST (Gross Lease)
Ground Floor
- Spot & Co Whiskey Cocktail Lounge
- Freshly renovated cocktail lounge/ bar with fantastic us of exposed brick & polished concrete flooring
- Two freshly renovated bathrooms, a unisex bathroom with floor-to-ceiling marble-look tiles and marble vanity plus a Disabled bathroom located adjacent
- Kitchen area plus rear storage/ garage area
First Floor: Residential
- 3 generous-sized bedrooms, master with walk-in-robe and ensuite consisting of a large spa bath & shower
- Bedroom 2 and 3 with Built-in-robes
- Light-filled Kitchen with white timber cupboards and granite bench tops overlooking the living area
- Main bathroom with bath and shower, separate w/c and laundry area
- Two double doors leading out to the balcony overlooking Melbourne Street
- Ducted reverse cycle A/C throughout
Features to mention include:
- One lease with tenancy occupying the whole building
- Lease Term 1/09/2015 – 31/08/2020 (plus 5 year option)
- Passing rental of $104,000 p.a. + GST (Gross Lease)
- 4 % fixed annual increases ($108,160 as @ 1/09/17) and market review @renewal
- Depreciation Benefits (New fit-out)
- Zoned: Main Street (Melbourne East, MS2).
- Rear Lane Access via Bower St
- Torrens Titled 167sqm allotment
Property Code: 1390
Ground Floor
- Spot & Co Whiskey Cocktail Lounge
- Freshly renovated cocktail lounge/ bar with fantastic us of exposed brick & polished concrete flooring
- Two freshly renovated bathrooms, a unisex bathroom with floor-to-ceiling marble-look tiles and marble vanity plus a Disabled bathroom located adjacent
- Kitchen area plus rear storage/ garage area
First Floor: Residential
- 3 generous-sized bedrooms, master with walk-in-robe and ensuite consisting of a large spa bath & shower
- Bedroom 2 and 3 with Built-in-robes
- Light-filled Kitchen with white timber cupboards and granite bench tops overlooking the living area
- Main bathroom with bath and shower, separate w/c and laundry area
- Two double doors leading out to the balcony overlooking Melbourne Street
- Ducted reverse cycle A/C throughout
Features to mention include:
- One lease with tenancy occupying the whole building
- Lease Term 1/09/2015 – 31/08/2020 (plus 5 year option)
- Passing rental of $104,000 p.a. + GST (Gross Lease)
- 4 % fixed annual increases ($108,160 as @ 1/09/17) and market review @renewal
- Depreciation Benefits (New fit-out)
- Zoned: Main Street (Melbourne East, MS2).
- Rear Lane Access via Bower St
- Torrens Titled 167sqm allotment
Property Code: 1390
Explore property virtually
Video
Property ID: 502336426Last Updated: 7 Feb 2018
129 Melbourne Street
North Adelaide, SA 5006
Mastracorp Real Estate - Adelaide4/60 West Terrace
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
G01, 69-71 Melbourne Street,North Adelaide, SA 5006 86 m²Shops & Retail • Hotel, Motel & Leisure