DG Real Estate is pleased to be able to offer for sale on behalf of the Registered Proprietor the property situated at 79-83 Stephen Terrace, St Peters.

Previously utilised as commercial offices, the building was completely refurbished in 2005-06 to accommodate the existing tenant, Precious Cargo Montessori Child Care and Early Learning Centre Pty Ltd.

Positioned on a large allotment of approximately 2,286 square metres with an extensive frontage to Stephen Terrace of over 48 metres, the building provides an area of approximately 734 square metres, plus additional external verandahs and children play areas. The property is substantially land-scaped and provides on-site parking for 25 cars.

Located in the heart of Adelaide's premier eastern suburbs, the building is ideally situated for its existing use as a childcare centre. The property is leased for an initial term of 10 years until March 2016, with two further renewal options of five years each. The commencing annual rental is $230,000 per annum net with annual rent reviews to CPl. The current rental is $281,523 per annum net. The landlord only needs to pay for the land tax.

This represents an excellent opportunity for investors to secure a fully leased and versatile property in a prime location within the popular suburb of St Peters.

For more information, please click the additional document on the right hand side, or contact Richard on 0433 519 023