928 North East Road,
Modbury, SA 5092
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Map of 928 North East Road
Leased investment with upside
JLL is pleased to offer for sale 928 North East Road, a unique ‘value-add’ commercial investment in the major north eastern node of Modbury.
Key property highlights are summarised as follows:
• Current annual net income of $150,000 (approx.) with genuine scope for upside.
• Anchored by 5+5 year lease to Homestead Homes and complemented by leases to established RAMS Home Loan Centre and ITP The Income Tax Professionals Accounting Practice.
• Landmark property with high exposure to one of the strongest retail precincts in the north eastern suburbs of Adelaide.
• Close proximity to Westfield Tea Tree Plaza, Modbury Triangle Shopping Centre and Modbury Hospital.
• Improvement of approximately 1,539 square metres over three buildings.
• Substantial land holding of approximately 4,141 square metres with extensive car parking.
• Opportunity for additional income through leasing or opportunity to occupy a further 672sqm (approx.).
This property is genuinely offered for sale, please contact JLL with any queries.
AUCTION 11am Thursday 26 March 2015 onsite
RLA1842
The vendor’s statement relating to matters affecting the land may be inspected during business hours at the offices of JLL for three (3) business days prior to the auction and will be on display at the auction venue for at least 30 minutes prior to the auction.
Key property highlights are summarised as follows:
• Current annual net income of $150,000 (approx.) with genuine scope for upside.
• Anchored by 5+5 year lease to Homestead Homes and complemented by leases to established RAMS Home Loan Centre and ITP The Income Tax Professionals Accounting Practice.
• Landmark property with high exposure to one of the strongest retail precincts in the north eastern suburbs of Adelaide.
• Close proximity to Westfield Tea Tree Plaza, Modbury Triangle Shopping Centre and Modbury Hospital.
• Improvement of approximately 1,539 square metres over three buildings.
• Substantial land holding of approximately 4,141 square metres with extensive car parking.
• Opportunity for additional income through leasing or opportunity to occupy a further 672sqm (approx.).
This property is genuinely offered for sale, please contact JLL with any queries.
AUCTION 11am Thursday 26 March 2015 onsite
RLA1842
The vendor’s statement relating to matters affecting the land may be inspected during business hours at the offices of JLL for three (3) business days prior to the auction and will be on display at the auction venue for at least 30 minutes prior to the auction.
Additional information
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Property ID: 501462915Last Updated: 2 May 2018
08 8233 88...
928 North East Road
Modbury, SA 5092
JLL - Adelaide 25 Grenfell Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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