HIGH PROFILE COMMERCIAL / INDUSTRIAL INVESTMENT OPPORTUNITY WITH FUTURE REDEVELOPMENT POTENTIAL (stuc)
Raine & Horne Commercial are pleased to present to the market 724 Port Road, Beverley & 9-11 Howards Road Beverley, For Sale by Expression of Interest closing Wednesday 6th September 2023 at 12pm (ACST).
Fantastic opportunity to secure a low-risk multi-tenanted investment with redevelopment potential. Long standing tenants include Beaumont Tiles who was recently purchased by Bunnings, CNW Electrical and Lotus Kitchen By Design.
Located with close access to both the Port River Expressway and South Road Superway connecting Adelaide's North-South Main Transport Corridor.
Property highlights and features:
> High exposure site of 7,371 square metres*over 3 titles
> Building area of 2,820 square metres*
> Rental income circa of $292,054.78 per annum from 1st October 2023
> Tenants pay statutory outgoings (excluding Land Tax)
> Significant frontage of 52.45 metres* onto Port Road
> Additional Frontage of 84.93 metres* onto Howards Road
> 8.5 kilometres* from the CBD
> Redevelopment / Demolition Clauses in 2 of the 3 leases
> Zoned Employment and Strategic Employment (split across titles) within the City of Charles Sturt
For Sale by Expression of Interest closing Wednesday 6th September 2023 at 12pm (ACST).
For more information or to arrange an inspection, please contact Daniel Romeo 0413 383 370
(* approx.)
(Any outlines indicative only)
(stuc) - Subject to usual consents
ALL AREAS AND DIMENSIONS ARE APPROXIMATE ONLY AND HAVE NOT BEEN SURVEYED. PROSPECPECTIOVE PRUCAHSERS SHOULD MAKE THEIR OWN ENQUIRES IN REGARDS TO ACCURCY OF ALL DIMEMSIONS
(RLA 205498).