The offering of 928 North East Road, Modbury presents a unique opportunity. The site and improvements are incredibly well located and configured to offer countless possibility for developers, owner occupiers, investors and entrepreneurs.

Key property highlights include:

> Significant income secured by a new 10 year lease over portion of the property to Homestead Homes Pty Ltd.
> Landmark property with high exposure in one of the strongest retail precincts in the north eastern suburbs of Adelaide.
> Close proximity to Tea Tree Plaza Regional Shopping Centre, Modbury Triangle Shopping Centre and numerous freestanding ‘bulky goods’ retail outlets.
> Near level site of approximately 4,141 square metres with significant frontage to North East Road and Smart Road.
> Extensive and adaptable improvements with a total gross building area of approximately 1,539 square metres plus substantial bitumen sealed car park to the rear.
> Flexible ‘Regional Centre’ zoning within the City of Tea Tree Gully.
> Easy access to the city, Golden Grove, O’Bahn busway and public transport corridors.
> Rear access via various rights of way.
> Potential existing use rights as commercial offices (subject to statutory consents).

10+5+5 year lease over rear building at $200,000 per annum plus outgoings (excluding Land Tax). Balance available for lease.

Zoned 'Regional Centre’ within the City of Tea Tree Gully.

For sale by Private Treaty.

JLL
RLA 1842