MULTI TENANTED COMMERCIAL INVESTMENT

Commercial premises providing flexible accommodation over two levels, each with ground floor access. The building is well presented to modern standards to comfortably suit the needs of most professional businesses. Located in a convenient position, it is easily accessible for staff and clients, with on-site parking and within easy walking distance of CBD shops and facilities on nearby Gawler Street.

The property has operated on a multi-tenancy basis for a number of years, enjoying the flexibility of offering a range of spaces, from individual professional rooms, to larger suites and open plan areas. The two levels are internally connected via a staircase that can be securely locked off when not required. There are up to 10 tenancies – 7 leases in currently place, 4 individual rooms vacant and being advertised for lease.

Accommodation is arranged as follows:

UPPER GROUND FLOOR LEVEL
• Main entrance off driveway. Tenancy 6 additionally has a separate entrance.
• x5 offices (Rooms 1-5), large open plan area (Tenancy 6)
• Kitchen
• Male and female WCs (with disabled access and shower)
• Reverse cycle ducted air conditioning system
• Security system - key pad and swipe activated
• Data cabling to comms room
• 10.08 kW solar power system (rated at an average production of 39.55 kWh per day)
• Total floor area approx. 216 sqm.

LOWER GROUND FLOOR LEVEL
• Entrances - front (Hack Street) and rear (car park)
• Reception/waiting area, x4 offices, store room
• Kitchen
• Uni-sex disabled access WC and shower
• Gas heating units to common areas
• Slim line wall mounted electric eco panel heaters to offices
• Security system - key pad and swipe activated
• Data cabling
• Total floor area approx. 124 sqm.

The private on-site car park is situated to the rear (eastern) side of the building and provides space for approx. 9 vehicles, with additional space available to the side of the driveway entrance. There is further public parking close-by on Hack Street
The property is Torrens Titled
Total site area approx. 700 sqm.
Zoning is Urban Activity Centre (SA Planning & Design Code)

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Harry Sanders 0431 057 3...
Nigel Grivell 0414 257 9...


* Note the quoted return on investment yields have been calculated on rental income and quoting rents as at January 2022
Any liability for land tax has not been accounted for, as can vary between holding entities. Prospective purchasers are advised to make their own independent enquiries as to the financial performance of this property investment, relevant to their own particular circumstances.
Venture Commercial is not providing financial or legal advice.
In accordance with Form R7 Warning Notice, prospective purchasers should note - Financial and Investment Advice
Land and Business (Sale and Conveyancing) Act 1994 section 24B
Land and Business (Sale and Conveyancing) regulations 2010 regulation 21
You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice.