904 South Road,
Edwardstown, SA 5039
For Sale by Public Auction
Key property information
Map of 904 South Road
Train stations within 5 km of 904 South Road, Edwardstown, SA 5039 Distance Edwardstown Station 347 m Emerson Station 969 m Woodlands Station 1.1 km Clarence Park Station 1.6 km Ascot Park Station 2.2 kmPOWERED BY HERE © Tram stops within 5 km of 904 South Road, Edwardstown, SA 5039 Distance 9 South Plympton 1.6 km 7 Glandore 1.6 km 5 Black Forest 2.1 km 11 Plympton Park 2.3 km 4 Forestville 2.5 kmPOWERED BY HERE © Bus stops within 5 km of 904 South Road, Edwardstown, SA 5039 Distance 12 South Rd - East Side 107 m 13 South Rd - East Side 147 m 14 South Rd - East Side 320 m 11 South Rd - East Side 370 m 14e Edward St - South Side 459 mPOWERED BY HERE ©
Mixed Use Investment Opportunity
- Two tenancies - ground floor commercial and first floor residential
- Zoned Commercial South Road Policy Area 2 in the City of Marion
- Total building area of 186 sqm*
- Total site area of 350 sqm*
- 3 on-site car parks
- Substantial upside in ground-floor rental
904 South Road, Edwardstown offers an outstanding investment opportunity only 5 kilometres* from the CBD. With commercial and residential tenancies fully-fitted and operating, the property offers an attractive return with diversified income from two tenants.
The ground floor tenancy is currently leased to Black Forest Optical on a brand new, 2-year lease for approximately $30,000 per annum plus outgoings and GST. The first floor is currently leased as an AirBnB tenancy and is fully-booked for weeks to come ($55 per night). The history of this tenancy on a long-term residential basis suggests that it has been easily able to achieve $300 per week ($15,600 per annum*).
The property itself presents well, being recently refurbished. The building has a strong street presence and there are 3 on-site car parking spaces and rear disabled-access facilities.
Public auction to be held on Thursday 11th March 2021 at 11am on site.
For all enquiries or for more information on 904 South Road, Edwardstown please contact Saxon Smith of McGees Property (RLA 1722)
Property ID: 503759866Last Updated: 2 Mar 2021