904 South Road, Edwardstown
overview
-
1P3005
-
Retail
-
Sold
-
186 sqm
-
350 sqm
-
3
Description
Mixed Use Investment with Main Road Exposure
- Net annual income of $38,504.41*
- Two tenancies - ground floor commercial and first floor residential
- Zoned Employment
- Total building area of 186 sqm*
- Total site area of 350 sqm*
- 3 on-site car parks
- Substantial upside in ground-floor rental
904 South Road, Edwardstown presents an ideal high exposure investment opportunity with a net annual income of $38,504.41*. The fantastic property is recently refurbished and includes 3 on-site car parking spaces, disabled access facilities and great street presence to South Road.
This property offers an attractive return with diversified income from a commercial and a residential tenancy. The ground floor tenancy is currently leased to Black Forest Optical on a brand new, 2-year lease for approximately $30,000 per annum plus outgoings and GST. The first floor is currently leased as an AirBnB tenancy and is fully-booked for weeks to come ($55 per night). The history of this tenancy on a long-term residential basis suggests that it has been easily able to achieve $300 per week ($15,600 per annum*).
For all enquiries or for more information on 904 South Road, Edwardstown please contact Saxon Smith of McGees Property (RLA 1722)
(* approx.)
- Two tenancies - ground floor commercial and first floor residential
- Zoned Employment
- Total building area of 186 sqm*
- Total site area of 350 sqm*
- 3 on-site car parks
- Substantial upside in ground-floor rental
904 South Road, Edwardstown presents an ideal high exposure investment opportunity with a net annual income of $38,504.41*. The fantastic property is recently refurbished and includes 3 on-site car parking spaces, disabled access facilities and great street presence to South Road.
This property offers an attractive return with diversified income from a commercial and a residential tenancy. The ground floor tenancy is currently leased to Black Forest Optical on a brand new, 2-year lease for approximately $30,000 per annum plus outgoings and GST. The first floor is currently leased as an AirBnB tenancy and is fully-booked for weeks to come ($55 per night). The history of this tenancy on a long-term residential basis suggests that it has been easily able to achieve $300 per week ($15,600 per annum*).
For all enquiries or for more information on 904 South Road, Edwardstown please contact Saxon Smith of McGees Property (RLA 1722)
(* approx.)
gallery