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McGees Property - Adelaide (RLA 1722)

904 South Road Edwardstown, SA 5039

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904 South Road,
Edwardstown, SA 5039

Shop & Retail • Other

Price information

Sale - Auction Thu 11 Mar

For Sale by Public Auction

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Floor area

Car spaces

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0477 *** ***
McGees Property - Adelaide (RLA 1722)
904 South Road
Edwardstown, SA 5039
McGees Property - Adelaide (RLA 1722)

McGees Property - Adelaide (RLA 1722)

Level 10/60 Waymouth Street
ADELAIDE, SA 5000

Map of 904 South Road

Directions
  • Train stations within 5 km of 904 South Road, Edwardstown, SA 5039Distance
    Edwardstown Station347 m
    Emerson Station969 m
    Woodlands Station1.1 km
    Clarence Park Station1.6 km
    Ascot Park Station2.2 km
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  • Tram stops within 5 km of 904 South Road, Edwardstown, SA 5039Distance
    9 South Plympton1.6 km
    7 Glandore1.6 km
    5 Black Forest2.1 km
    11 Plympton Park2.3 km
    4 Forestville2.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 904 South Road, Edwardstown, SA 5039Distance
    12 South Rd - East Side107 m
    13 South Rd - East Side147 m
    14 South Rd - East Side320 m
    11 South Rd - East Side370 m
    14e Edward St - South Side459 m
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POWERED BY HERE ©

Mixed Use Investment Opportunity

- Net annual income of $38,504.41*
- 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)

(* approx)

Property ID: 503759866Last Updated: 2 Mar 2021

Agency contacts

McGees Property - Adelaide (RLA 1722)
McGees Property - Adelaide (RLA 1722)
Level 10/60 Waymouth Street
ADELAIDE, SA 5000
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Saxon Smith

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Saxon Smith
McGees Property - Adelaide (RLA 1722)
904 South Road Edwardstown, SA 5039

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Saxon Smith

    Saxon Smith

    McGees Property - Adelaide (RLA 1722)
    0477 *** ***