129-133 Unley Road,
Unley, SA 5061
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Map of 129-133 Unley Road
OUTSTANDING INVESTMENT - 3 TENANCIES - 2 FRONT TENANCIES FULLY LEASED - REAR OFFICE TENANCY VACANT
845 M2* ALLOTMENT - TOTAL IMPROVEMENTS 455 M2* - AMPLE REAR PARKING. IMPUTED NET RENTAL $107,780 APPROX
Raine & Horne Commercial SA are proud to offer for sale this exceptional investment opportunity in Adelaide's prime inner southern precinct.
The property is being offered for sale by Public Auction, 11am Friday 28th April 2023
LOCATION:
The property is located on prestigious Unley Road, perfectly positioned near the Unley Shopping Centre, Civic Centre and surrounded by excellent strip shops. Less than 1 km from the parklands and under 3 km to the GPO, this is prime Unley Road property.
IMPROVEMENTS:
Comprising three tenancies each with separate electricity meters, excellent access and great exposure. The two front tenancies are fully leased and the rear office tenancy is vacant offering great upside with an estimated net rental of $28,000 per annum (or occupy).
Tenancy 1: SPRING CHICKENS
• 5 years from 20.5.2022 expiring 19.5.2027
• One right of renewal of 5 years from 20.5.2027 to 19.5 2032
• Lettable area 129.5 m2*
Tenancy 2: CRUST PIZZA
• 5 + 5 + 5 commencing 21.8.2017
• Lease renewed to 20.8.2027
• Further option to renew from 21.8.2027 to 20.8.2032
• Lettable area 152 m2*
Tenancy 3: Rear Office - Currently vacant
• Occupy or lease
• Estimated net rental $28,000 per annum
• Lettable area 112 m2
This property is for sale by Auction, which will be held on Friday the 28th of April 2023 at 11am.
*All Areas/dimensions approximate
RLA 205498
Raine & Horne Commercial SA are proud to offer for sale this exceptional investment opportunity in Adelaide's prime inner southern precinct.
The property is being offered for sale by Public Auction, 11am Friday 28th April 2023
LOCATION:
The property is located on prestigious Unley Road, perfectly positioned near the Unley Shopping Centre, Civic Centre and surrounded by excellent strip shops. Less than 1 km from the parklands and under 3 km to the GPO, this is prime Unley Road property.
IMPROVEMENTS:
Comprising three tenancies each with separate electricity meters, excellent access and great exposure. The two front tenancies are fully leased and the rear office tenancy is vacant offering great upside with an estimated net rental of $28,000 per annum (or occupy).
Tenancy 1: SPRING CHICKENS
• 5 years from 20.5.2022 expiring 19.5.2027
• One right of renewal of 5 years from 20.5.2027 to 19.5 2032
• Lettable area 129.5 m2*
Tenancy 2: CRUST PIZZA
• 5 + 5 + 5 commencing 21.8.2017
• Lease renewed to 20.8.2027
• Further option to renew from 21.8.2027 to 20.8.2032
• Lettable area 152 m2*
Tenancy 3: Rear Office - Currently vacant
• Occupy or lease
• Estimated net rental $28,000 per annum
• Lettable area 112 m2
This property is for sale by Auction, which will be held on Friday the 28th of April 2023 at 11am.
*All Areas/dimensions approximate
RLA 205498
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Property ID: 504293256Last Updated: 29 May 2023
04121276...
129-133 Unley Road
Unley, SA 5061
Raine and Horne Commercial and Business8 Greenhill Road
WAYVILLE, SA 5034
WAYVILLE, SA 5034
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