202-204 Hutt Street, Adelaide
SOLD SOLD SOLD
202-204 Hutt Street, Adelaide
- Price: Contact for price
- Location:ADELAIDE
- Car Spaces:4
- Area:438 sq metres
SOLD SOLD SOLD
A truly impressive investment property with quality improvements set on prime city land holding with 3 street frontages.
Securely leased to 5 tenants.
Adaptable building improvements disposed to accommodate a licensed Cafe/Restaurant with associated outdoor dining area, retail shops and offices with extensive fit-out.
Total land area approx 438 sqm (2 titles) with on-site parking and future redevelopment/refurbishment opportunities.
Fully leased at realistic rental levels, with additional income derived (annually in advance) via Telstra CMTS facility - Estimated net passing income is approx $157,000.00 PA (GST Excl).
A RARE FIND, held in same ownership since 1989 - overseas vendors - GENUINE SALE.
SOLD AT AUCTION - $3.2 MILLION - REFLECTING A YIELD OF 4.9%.
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