33 Murray Street,
Nuriootpa, SA 5355
Shops & Retail • Offices
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Map of 33 Murray Street
* SOLD BY VENTURE COMMERCIAL *
- 5 tenancies, 3 leased, 1st floor vacant
- Current rental income $37,873.80 pa
- Lease out 1st floor or occupy yourself
Mixed-Use, Multi-Tenanted Commercial Property Investment
Strategically situated in the heart of the main street of Nuriootpa, this property features a two storey building, providing an investor with current rental income stemming from three tenancies on the ground floor, plus the opportunity of further rental income to be generated from the first floor space.
The building comprises 446 sqm gross of internal building area with 330 sqm of net lettable space.
Total site area is approx 557 sqm (approx)
There are five tenancies in all. The three on the ground floor are leased, the two on the first floor are currently vacant.
The on-site car park at the rear of the building provides 10 or more spaces.
The property has been well maintained and presents smartly through-out. All tenancies are fitted with suspended ceilings and the partitioning to the office space is largely demountable, allowing flexibility in layout to suit the operational requirements of a modern business.
Each tenancy has its own kitchenette facility connected with hot water supply. A new reverse cycle air conditioning system was fitted to the ground floor rear office tenancy (Unit 4) in March 2015 by the current owner. Each other tenancy is serviced by independent evaporative air conditioning systems. All tenancies are separately metered for electricity.
The current rental income is $37,873.80 pa, with excellent potential to increase this though leasing out the first floor space. A portion of the outgoings are additionally on-charged.
Astute business operators may recognise the opportunity of taking all or part of the first floor for their own occupation, leaving the rest of the building to generate a passive income. The first floor is currently set up as two office suites, each leading off the central stairwell, but there is also scope to potentially consider conversion to residential apartment use.
The property is offered FOR SALE at $520,000.
For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Harry Sanders 0431 057 346
or Nigel Grivell 0414 257 999
Strategically situated in the heart of the main street of Nuriootpa, this property features a two storey building, providing an investor with current rental income stemming from three tenancies on the ground floor, plus the opportunity of further rental income to be generated from the first floor space.
The building comprises 446 sqm gross of internal building area with 330 sqm of net lettable space.
Total site area is approx 557 sqm (approx)
There are five tenancies in all. The three on the ground floor are leased, the two on the first floor are currently vacant.
The on-site car park at the rear of the building provides 10 or more spaces.
The property has been well maintained and presents smartly through-out. All tenancies are fitted with suspended ceilings and the partitioning to the office space is largely demountable, allowing flexibility in layout to suit the operational requirements of a modern business.
Each tenancy has its own kitchenette facility connected with hot water supply. A new reverse cycle air conditioning system was fitted to the ground floor rear office tenancy (Unit 4) in March 2015 by the current owner. Each other tenancy is serviced by independent evaporative air conditioning systems. All tenancies are separately metered for electricity.
The current rental income is $37,873.80 pa, with excellent potential to increase this though leasing out the first floor space. A portion of the outgoings are additionally on-charged.
Astute business operators may recognise the opportunity of taking all or part of the first floor for their own occupation, leaving the rest of the building to generate a passive income. The first floor is currently set up as two office suites, each leading off the central stairwell, but there is also scope to potentially consider conversion to residential apartment use.
The property is offered FOR SALE at $520,000.
For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Harry Sanders 0431 057 346
or Nigel Grivell 0414 257 999
Property ID: 501573621Last Updated: 25 Jun 2016
0431 057 346 (Harry) or 0414 257 999 (Nige...
33 Murray Street
Nuriootpa, SA 5355
Venture Commercial - SAPO Box 658
HAHNDORF, SA 5245
HAHNDORF, SA 5245
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