SOLD

Improvements comprise stand-alone purpose built commercial building, which has recently undergone extensive renovations, with DA granted in 2023 for change of use from professional offices to consulting rooms.

As presently configured, premises provide 6 treatment rooms plus reception, dedicated male/female toilet amenities and kitchenette, with accessibility to 4-5 car parks at rear, plus lock-up garage and 1 car park at front, set on landscaped grounds with low maintenance requirement. The premises are fully air conditioned and solar panels were installed in 2023.

The property is securely leased for term of 5 y + 5 y from 01.05.2023, at current rent of $41,600.00 PA plus GST, with yearly reviews by 4%, with market review at renewal, with Tenant to pay outgoings (except State Land Tax). Copy of lease can be provided on request. The lease includes a redevelopment clause, providing ownership with flexibility and rights of early termination - for developmental purposes only. The existing rental is very conservatively set with genuine rental growth prospects as the opportunity arises. The lease will be Assigned at Settlement in favour of Purchaser. The Sale will be treated as a going concern - GST free.

There is nil stamp duty payable in SA in the purchase of commercial property.

The property will suit passive long term investors, land bankers, intending future owner/occupier, with various value-add/future developmental options as well (STNC).

The property is offered for genuine Sale by Public Auction - on premises - Friday 20th September @ 12 noon.

To register your interest in this exciting Eastern Suburbs opportunity, contact Exclusive Selling Agents.

Inspection strictly by prior arrangement.


Contact George Zogopoulos, 8410 6444 or 0412 824 278.