Strategically located building presently configured to accommodate 2 prime ground level retail tenancies, together with self-contained residence at level 1, with large balcony + sea views!
One of the ground level shop premises is leased to an established Tenant for an extended 3 years term commencing 10/07/2015 - 09/07/2018, with no right to extend remaining at a current rent of $30,677.04 P.A + Outgoings + GST, providing valuable holding income with balance of property vacant.
Total land area of approx. 515 sq. metres with valuable frontages to Semaphore Road and Nelson Street, at the rear.
A rare opportunity to acquire a truly versatile building, along Semaphore Road, with various refurbishment / redevelopment options.
To Be Sold by Auction, Thursday 12th May 2016 at 2:00PM