346 Torrens Road, Croydon Park comprises an outstanding opportunity to acquire a fully refurbished and upgraded suburban office building with a secure 5+5 year lease to the State Government.

Situated just 6km* from the Adelaide CBD, the 6,400sqm* site is improved with a solid brick office building of 2,257sqm* comprising
office space of 1,172sqm* leased to the State Government, and 1,085sqm* of vacant office/warehouse space. The property can be offered with or without a 12 month rental guarantee over the vacant area, making the property ideal for investors or owner occupiers looking to occupy space while at the same time generating investment income from the leased portion.

In a market where quality investments are few and far between, 346 Torrens Road, Croydon Park is expected to generate significant enquiry.

We highlight the key property features below:
• Large site of 6,400sqm* with substantial onsite parking
• Fully refurbished commercial building of 2,257sqm*
• 1,172sqm* leased to State Government until June 2018
• Net passing income $233,000pa* with optional 12 month rent guarantee over vacant area of $200,000pa* net
• Vacant area includes storage/warehouse of 340sqm*
• Suits investors and partial owner-occupiers

*Approx

For Sale By Expressions of Interest
Closing 4pm Thursday 10 march 2016

JLL RLA1842