8 / 552 Greenhill Road, Hazelwood Park

AN AFFORDABLE EASTERN SUBURBS INVESTMENT WITH EASE OF MANAGEMENT, SUITABLE FOR INVESTOR OR INTENDING FUTURE OWNER/OCCUPIER

Unit 8 forms part of a Strata Titled complex which comprises 8 separate units in all, prominently positioned at corner of Greenhill and Glynburn Roads.

Unit 8 has a lettable area of about 44 sqm and is individually controlled and metered for light, power and air conditioning.

A common amenity block as shown on Strata Plan, is set aside for use of all unit owners and is cleaned and maintained by Strata Corporation. Access to the rear of the complex is via a common laneway from Glynburn Road.

The premises are leased for term of 2 years commencing 24.04.2025 and expiring on 23.04.2027, with 3 options to extend, each for a term of 1 year, exercisable by Tenant, subject to not less than 3 months prior notice. The current Tenant has since advised/confirmed it will not be extending the lease in place beyond 23.04.2027 and will be providing vacant possession by that date.

Current rental payable is $21,874.68 PA, excl. of GST, and according to the lease, the Tenant is responsible for payment of statutory charges and strata corporation levy.

The property is located within the City of Burnside within a Local Activity Centre Zone and is currently utilised as offices.

Stamp duty is not payable on the purchase of commercial property in SA.

To register your interest, please contact Sole Selling Agents, George Zogopoulos, 8410 6444 or 0412 824 278, and any on-site inspection is strictly by prior arrangement.

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