115-117 Waymouth Street, Adelaide

STRATEGICALLY POSITIONED CBD PROPERTY SET ON VALUABLE CORNER ALLOTMENT WITH VERSATILE BUILDING IMPROVEMENTS & DEVELOPMENTAL UPSIDE

115-117 Waymouth Street, Adelaide

  • Price: Contact for price
  • Location:ADELAIDE
  • Area:228 sq metres

STRATEGICALLY POSITIONED CBD PROPERTY SET ON VALUABLE CORNER ALLOTMENT WITH VERSATILE BUILDING IMPROVEMENTS & DEVELOPMENTAL UPSIDE

Opportunity for investor or future owner/occupier to acquire a strategically positioned free-standing Torrens Titled building in prime CBD location, surrounded by multi-level developments.

The property as presently configured provides 2 separate tenancies, with the front section - facing Waymouth Street, leased/utilised as a Restaurant/Take-away food outlet, with rear tenancy comprising office/warehouse/studio, with roller door access.

The improvements have a total lettable area of about 205 sqm, and each tenancy is separately controlled and metered for light and power.

The land itself as contained within C/T Vol 6134 Folio 409 has a total area of about 228 sqm, with a frontage to Waymouth Street of 8.83 metres and frontage to Eliza Street of 25.91 metres, with a private road at the rear of the allotment.

The property is fully leased to 2 Tenants on varying terms and current passing rental income is approx. $69,500.00 PA + GST, with certain outgoings recoverable from respective tenants.

The property has been held in the same ownership for past 26 years and is offered for definite sale by Private Treaty.

The property will be sold as a 'Going Concern', so GST will not apply to the Sale, and Nil stamp duty is payable in the purchase for a property of this kind in SA.

Further details and inspection contact the exclusive Selling Agents, George Zogopoulos, 8410 6444 or 0412 824 278.

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George Zogopoulos
George Zogopoulos

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