116-120 Melbourne Street, North Adelaide

2 AFFORDABLE LEASED INVESTMENTS WITH EASE OF MANAGEMENT, WELL POSITIONED FOR FUTURE RENTAL/CAPITAL GROWTH

Not to be missed opportunity for small investor or future intending owner occupier to purchase strategically positioned Strata Titled retail/commercial units, with versatile well maintained improvements, which form part of a multi level Strata Titled complex, 'Melbourne Street Gardens,' comprising 19 strata units in all, located right in the heart of Melbourne Street with surrounding land uses including retail, cafes/restaurants, professional offices and consulting rooms.

Units 1 and 2 are held in the same ownership and are to be offered individually by Public Auction on Wednesday 16/07/2025, with Auction commencing at 11.00am. Order of sale will be determined on day of Auction with a deposit of 10% payable on fall of hammer with balance in 30 days. GST will not apply to the sale - to be sold as a Going Concern, and NIL stamp duty is payable.

UNIT 1
Ground level premises with excellent exposure to Melbourne Street, and lettable area of approx. 80 sqm. The premises are utilised and approved as a Licensed Restaurant/take away, currently operating as 'ChulPan', Korean Restaurant. and are securely leased to 31.08.2026, with 2 options to extend remaining, each for term of 3 years, with yearly reviews to CPI, with market review at each renewal. Existing rental is conservatively set and under the lease, the Tenant pays all outgoings, including strata levy charge.

UNIT 2
Ground level premises with excellent exposure to Melbourne Street, and lettable area of approx. 76 sqm. The premises are utilised and approved as a Hairdressing Salon and leased until 30.04.2026, with nil option to extend remaining. Existing rental is conservatively set and under the lease, the Tenant pays all outgoings, including strata levy charge.

In addition, Tenants of Unit 1 & Unit 2 are entitled to rights of use of common areas as depicted on the Strata Plan, and 1 dedicated car park is available for use of each unit - as per Strata.

Both existing rentals are conservatively set with genuine rental/capital growth prospects. A summary of existing leases can be provided on request.

To register your interest, contact the Exclusive Selling Agents. Inspection is strictly by prior arrangement.

For further details contact George Zogopoulos, 8410 6444 or 0412 824 278, email: gz@negotiatorsrealestate.com.au, www.negotiatorsrealestate.com.au

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