1297-1299 South Road,
St Marys, SA 5042

For Sale by Private Treaty - Price Guide $1.25m

1297-1299 South Road, St Marys is a strategic holding leased to National Tenant Rainwise Pty Ltd and added benefit of its underlining future development potential.
This key site is well positioned to take advantage of the massive investment into this major arterial road by the SA Government, namely the recent purchase of the former Mitsubishi site (directly opposite) and the South Road Superway Project.
The short, medium and long term benefits of owning this property are outstanding and are deserving of your most astute investment consideration.
•Securely leased investment to National Tenant Rainwise Pty Ltd (formerly Tankworld). 5+5+5+5 year lease from February 2010
•Fully leased net income of $99,348pa (approx) excluding Land Tax
•Substantial site of 2,312sqm approx
•Zoned Commercial (South Road)
•Extensive South Road frontage of 53m (approx). Huge exposure to 45,000 passing vehicles daily
•Distinct short to medium term value add potential. Opportunity for both Investors and Developers alike