9-29 Desmond Ave,
Pooraka, SA 5095

Shops & Retail

Key property information

Land area

Floor area

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Map of 9-29 Desmond Ave

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SHOPPING CENTRE INVESTMENT OPPORTUNITY – 100% OCCUPANCY

Situated just off of Bridge Road, Pooraka lies an outstanding investment opportunity to acquire a
neighbourhood shopping centre of grand proportions with 10 shops that are fully tenanted and situated
on a large corner site of 2,249 sqm*.

This rare offering enjoys a diverse low-risk income stream that comes with complimenting businesses,
specialty shops and most importantly the main “anchor” tenant being Foodworks Supermarket. Freshly
line-marked with an abundance of customer car parking as well as rear/side tenant loading dock
area/parking, the fully tenanted neighbourhood centre demonstrates a fine example of a sustainable and
fully functioning local shopping centre complex.

Features to the property include:

- Total of $202,548.5* p.a. Gross Rental (Rent and Outgoings Recovered) plus GST

- Total Lettable Area of 1,059 sqm* distributed over 10 shops

- Land Area of 2,249 sqm* on Corner Allotment distributed over 15 Certificate of Titles

- Occupancy Rate of 100% (Fully Tenanted)

- Zone: Neighbourhood Centre Zone

- Ample onsite car parking

- Freshly line-marked with neatly manicured boundary garden

- Centre Pylon Sign location on corner

If you would like to inspect the property please contact Pasquale Mastrangelo 0409 465 8... or Nick
Mastrangelo 0401 790 7... or Mastracorp Land line 08 8212 01...

* approx

Property Code: 1973

Pooraka, 5095 demographic data

The median household income for Pooraka is $1,225, 21% lower than Greater Adelaide's household income of $1,548. Pooraka has a younger age profile compared to the rest of Greater Adelaide (median age 38 vs 39). Property ownership data shows 50% of property owners in Pooraka have a mortgage.

7,583

Population

$1,225 per week

Median household income

38 years

Median age

Owners

Most residents

Families

Most households