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4/113 Gouger Street, Adelaide, SA 5000


IMPRESSIVE CHINATOWN INVESTMENT!

Taplin Real Estate have been favoured with instructions to offer this FULLY LEASED COMMERCIAL PROPERTY on behalf of the Registered Proprietors.

It comprises a Strata Titled two storey building with a large beautifully renovated restaurant of approximately 295 square metres on the ground floor with REAR ACCESS to Thomas Lane. On the first floor is a well presented showroom/office of approximately 165 square metres.

Tenancy Details:
HIBIKI YAKINIKU JAPANEASE BBQ
Lease commenced - 01/06/2018
Term: 4 years + 5 years + 5 years
Annual rent reviews to CPI +1.0%

CK JEWELLERY AND WATCHES
Lease commenced - 01/04/2019
Term: 1 year + 3 years + 5 years
Annual rent reviews to CPI

The combined net income is estimated at $90,000 per annum plus GST

Gouger Street continues as an outstanding retail and restaurant "high street" with Adelaide Central Market going from strength to strength as well as the soon to be started massive redevelopment of the "Market Square" Precinct with high rise apartments, offices and quality retail outlets underpinning the bright future of this street and in particular - 4/113 GOUGER STREET.

For further details or to inspect by appoint only, please contact:

Geoff Cooney – 0411 660 266
Theo Liacopoulos – 0411 747 986

Property Info

Municipality
Adelaide

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