$2,600,000

Ideal location close to Adelaide Central Market, China Town, Gouger Street eateries, Law Courts, Victoria Square and the very popular Glenelg Tram.
Huge potential – continue with current uses as offices or perhaps retail complimented with upper level private or serviced residential accommodation or consider dividing into multiple Community Titled lots (SNCC).

On offer is an attractive Circa 1980's Federation Style 3 level building comprising 3 offices and undercroft parking on the ground floor with 3 town houses on the upper two levels.

The site comprises two separately Titled allotments having a combined frontage of 15.98 metres and an average depth of 20.43 metres. The site area is 326 square metres and includes a shared Right of Way which provides access to the rear undercroft car parks.

The building is mostly of solid brick construction with brick division walls separating each of the ground floor offices and each of the townhouses. Footings and floors are of reinforced concrete, windows are mostly of timber framing, internal division walls and ceilings are plasterboard and the roof is galvanized streel decking.

Offices 1 and 2 are 50 square metres in area whilst Office 3 is 76 square meres in area. All 3 offices are currently under lease with the net income being approx. $43,500 per annum plus outgoings. Offices 1 and 2 are open plan, have a single toilet and a small tea making facility. Office 3 is divided into reception/waiting, sales office, admin office and utility area as well as a single toilet and small tea making facility.

The town houses each comprise a separate partitioned patio which leads to the main entrance. This level has the kitchen/dine, large lounge, separate laundry and WC. Upstairs are two large bedrooms, fully fitted bathroom and separate WC.

Features are numerous and include 2.7 metre high ceilings, decorative timber trimmings throughout, split system reverse cycle air conditioners and evaporative air conditioners, carpets, window treatments and of course, the covered rear decks. This is an impressive property and is worthy or your serious consideration.

NOTE!! SHOP/OFFICE OF 50 SQM AVAILABLE FOR LEASE NOW!!

TAPLIN GROUP OF COMPANIES – RLA 994