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Raine and Horne Commercial and Business

1 Perseverance Road Tea Tree Gully, SA 5091

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1 Perseverance Road,
Tea Tree Gully, SA 5091

Shops & Retail

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Raine and Horne Commercial and Business
David Burford
Tony Iasiello

Raine and Horne Commercial and Business

8 Greenhill Road
WAYVILLE, SA 5034
Raine and Horne Commercial and Business
1 Perseverance Road
Tea Tree Gully, SA 5091

Map of 1 Perseverance Road

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LEASED INVESTMENT - New 5 + 5 year lease

Raine and Horne Commercial are delighted to present 1 Perseverance Road Tea Tree Gully SA to the market.

Located in Tea Tree Gully with easy access to North East Road this property has a long history with the local community. Securely leased on a new five-year term with a five-year option to renew, the property presents an ideal opportunity for an astute investor. Currently utilised as a Licensed Restaurant with abundant nearby parking.

With improvements of approximately 306 square metres* consisting of an attractive stone-fronted building adapted for restaurant use. Located on approximately 538 square metres* of land, in a picturesque setting.

Approximate net income $83,400 + GST.

All enquiries and inspections are strictly by appointment with the agents listed below.

Tony Iasiello 0412 217 6...
David Burford 0447 200 7...

*All areas and dimensions are approximate

RLA 283100

Additional information

Tea Tree Gully, 5091 demographic data

The median household income for Tea Tree Gully is $1,607, 4% higher than Greater Adelaide's household income of $1,548. Tea Tree Gully has an older age profile compared to the rest of Greater Adelaide (median age 44 vs 39). Property ownership data shows 51% of property owners in Tea Tree Gully have a mortgage.

3,499
Population
$1,607 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households

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