209 Sturt Road, Seacombe Gardens
SOLD AT AUCTION
209 Sturt Road, Seacombe Gardens
- Price: Contact for price
- Location:SEACOMBE GARDENS
- Area:710 sq metres
SOLD AT AUCTION
. Improvements of approx 246 sqm now adapted and now fully
approved to accommodate a retail shop/showroom with consulting
rooms and ancillary offices.
. Valuable on-site parking for at least 10 vehicles with dual access.
. Prominent corner allotment of approx. 710 sqm with an impressive
frontage to Sturt Road of 19.81 metres.
. Leased to The Optical Superstore Pty Ltd for 3y+3y term commencing
11.12.2014.
. Current rental payable is $72,500.00 PA Gross + GST.
. Rental is payable annually in advance.
. Yearly reviews by 3% with market at renewal.
. Next rent review due 11.12.2015 to $74,675.00 PA + GST.
. Lease is structured on Gross rental basis with outgoings payable by
Landlord.
. Estimated Net passing income as at June 2015 is say, $62,000.00 PA
+ GST.
TO BE SOLD BY PUBLIC AUCTION AT MAYFAIR HOTEL (DIAMOND ROOM), CORNER KING WILLIAM AND HINDLEY STREETS, ADELAIDE, ON THURSDAY, 25TH JUNE 2015 FROM 11:30 AM (ACST).
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