985-987 South Road,
Melrose Park, SA 5039
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
Price information
Sale
$3,950,000
Under Contract
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Private inspections
to arrange a private inspection.
Map of 985-987 South Road
Train stations within 5 km of 985-987 South Road, Melrose Park, SA 5039 Distance Woodlands Park 684 m Edwardstown Station 1.1 km Ascot Park Station 1.6 km Emerson Station 1.6 km Clarence Park Station 2.3 km POWERED BY HERE ©Tram stops within 5 km of 985-987 South Road, Melrose Park, SA 5039 Distance 7 Glandore 2.4 km 11 Plympton Park 2.7 km Stop 11 Plympton Park 2.7 km 5 Black Forest 2.8 km Stop 4 Forestville 3.1 km POWERED BY HERE ©Bus stops within 5 km of 985-987 South Road, Melrose Park, SA 5039 Distance 15 South Rd - East Side 1 m 15 Raglan Ave - South Side 247 m Stop 14 South Rd-West Side 266 m 16 Brooks Tce - East Side 271 m 16 South Rd - East Side 293 m POWERED BY HERE ©
POWERED BY HERE ©
Fully Leased Prime Investment Opportunity! Or develop (STPC)
- Strong Holding Income
- Excellent Exposure
- Substantial 2,008 sqm* Land Holding
Offered for the first time in over 30 years, LJ Hooker Commercial Adelaide is proud to present to the market, 985-987 South Road, Melrose Park for sale via Private Treaty.
This is a chance to secure a fully leased investment with a steady income stream, diverse yet complimentary tenancy mix, and lengthy WALE. This property presents a lucrative opportunity for astute investors seeking a low-maintenance addition to their portfolio.
Anchored by international franchise Zambrero, there are four secure tenants in this prime location. The current tenancy mix includes Zambrero, Gilmour's Comfort Shoes, UMS and The Cake Hut. A hive of retail activity in this bustling retail strip along one of South Australia's business arterial roads, and located directly opposite the property is sub regional shopping centre Castle Plaza owned by Vicinity Centres.
Situated on South Road with a total site area 2,008 sqm* spread across two Certificates of Title the property offers a substantial land holding, strong holding income, plus the potential for further development (STPC).
Key Selling Points:
• Complimentary tenancy mix
• Land area 2,008 sqm*
• Net Lettable Area 810 sqm*
* Rental increases due for 2 shops in August
• Great street exposure
• On-site parking for 31 cars*
• 49,800* cars passing daily
• WALE of 4.86* years by Area (as at 1 Jul 2024)
• Estimated net income of $192,758.81*(As at 15 August 2024)
• Zero Stamp Duty in South Australia
For further information contact Mark Tettis 0433 139 8... or Kay Morris 0411 181 2...
*Approximate
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA 231 015
This is a chance to secure a fully leased investment with a steady income stream, diverse yet complimentary tenancy mix, and lengthy WALE. This property presents a lucrative opportunity for astute investors seeking a low-maintenance addition to their portfolio.
Anchored by international franchise Zambrero, there are four secure tenants in this prime location. The current tenancy mix includes Zambrero, Gilmour's Comfort Shoes, UMS and The Cake Hut. A hive of retail activity in this bustling retail strip along one of South Australia's business arterial roads, and located directly opposite the property is sub regional shopping centre Castle Plaza owned by Vicinity Centres.
Situated on South Road with a total site area 2,008 sqm* spread across two Certificates of Title the property offers a substantial land holding, strong holding income, plus the potential for further development (STPC).
Key Selling Points:
• Complimentary tenancy mix
• Land area 2,008 sqm*
• Net Lettable Area 810 sqm*
* Rental increases due for 2 shops in August
• Great street exposure
• On-site parking for 31 cars*
• 49,800* cars passing daily
• WALE of 4.86* years by Area (as at 1 Jul 2024)
• Estimated net income of $192,758.81*(As at 15 August 2024)
• Zero Stamp Duty in South Australia
For further information contact Mark Tettis 0433 139 8... or Kay Morris 0411 181 2...
*Approximate
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA 231 015
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504630488Last Updated: 11 Nov 2024
985-987 South Road
Melrose Park, SA 5039
LJ Hooker Commercial - AdelaideGround Floor, 81 Flinders Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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