845 M2* ALLOTMENT - TOTAL IMPROVEMENTS 455 M2* - AMPLE REAR PARKING. IMPUTED NET RENTAL $107,780 APPROX

Raine & Horne Commercial SA are proud to offer for sale this exceptional investment opportunity in Adelaide's prime inner southern precinct.
The property is being offered for sale by Public Auction, 11am Friday 28th April 2023
LOCATION:
The property is located on prestigious Unley Road, perfectly positioned near the Unley Shopping Centre, Civic Centre and surrounded by excellent strip shops. Less than 1 km from the parklands and under 3 km to the GPO, this is prime Unley Road property.

IMPROVEMENTS:
Comprising three tenancies each with separate electricity meters, excellent access and great exposure. The two front tenancies are fully leased and the rear office tenancy is vacant offering great upside with an estimated net rental of $28,000 per annum (or occupy).

Tenancy 1: SPRING CHICKENS
• 5 years from 20.5.2022 expiring 19.5.2027
• One right of renewal of 5 years from 20.5.2027 to 19.5 2032
• Lettable area 129.5 m2*

Tenancy 2: CRUST PIZZA
• 5 + 5 + 5 commencing 21.8.2017
• Lease renewed to 20.8.2027
• Further option to renew from 21.8.2027 to 20.8.2032
• Lettable area 152 m2*

Tenancy 3: Rear Office - Currently vacant
• Occupy or lease
• Estimated net rental $28,000 per annum
• Lettable area 112 m2

This property is for sale by Auction, which will be held on Friday the 28th of April 2023 at 11am.

*All Areas/dimensions approximate
RLA 205498