1-7/973-981 South Road,
Melrose Park, SA 5039

HIGH PROFILE CORNER SITE

For Sale by Expressions of Interest

Extensive corner site, 3,160sqm (approx) over three titles comprising of shop front, warehousing and offices tenanted by predominantly long standing Lessees.

Perfectly located substantial holding, 15 minutes to CBD, airport and beach - outstanding opportunity to acquire over three titles.

Buyers Note:
* Outstanding mixture of building and facilities
* Medium/high clearance warehousing and factory areas, combined with shopfront and ample modern showroom offices
* Ample onsite car parking, some 32 car parks in total
* Extensive 76m frontage to Price Street with excellent egress points from both Price Street and South Road
* Represents ideal landbank generating a strong holding income

Council: City of Mitcham

Zoning: INDUSTRY/COMMERCE (MELROSE PARK) ZONE
- Policy Area 14 - District Centre Fringe (1-7/973-981 South Road)
- Policy Area 13 - Industry/Commerce Interface (1-3/1 Price Street)

Outgoings:
Council Rates: $14,629.00 per annum (approx)
SA Water Rates: $3,824.57 per annum (approx)
ESL: $3,056.30 per annum (approx)
Current Rent: Lot 181, Lot 182 & Lot 4 = $259,856.83 incl GST (approx) per annum
plus statutory outgoings paid by Lessees
Car Parking: 32 onsite car parks