95 West Street,
Torrensville, SA 5031
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Strategic Acquisition For Long Term Development
The property is located some 6km west of the Adelaide CBD in the well-established inner-western suburb of Torrensville. The neighbouring region has inherited the benefit of a change in zoning that supports residential development, suggesting that the subject property would present an opportunity for future residential development (STNC).
A rare opportunity within Adelaide’s inner west.
We provide a further feature of the offering below:
• Site area of 1,254sqm*.
• One certificate of title - two allotments.
• Building improvements of 657sqm*.
• Leased to Sturdie Trade Services Pty Ltd for a term of five (5) years, commencing 1 Jan 2022.
• Further right of renewal of five (5) years.
• Current rental income of $97,774.08 (exclusive of GST).
• Outgoings are payable by the tenant (excluding land tax).
• Zoned General Neighbourhood & Established Neighbourhood.
• Potential for future residential redevelopment (STNC).
For further information please contact the sole selling agents.
A rare opportunity within Adelaide’s inner west.
We provide a further feature of the offering below:
• Site area of 1,254sqm*.
• One certificate of title - two allotments.
• Building improvements of 657sqm*.
• Leased to Sturdie Trade Services Pty Ltd for a term of five (5) years, commencing 1 Jan 2022.
• Further right of renewal of five (5) years.
• Current rental income of $97,774.08 (exclusive of GST).
• Outgoings are payable by the tenant (excluding land tax).
• Zoned General Neighbourhood & Established Neighbourhood.
• Potential for future residential redevelopment (STNC).
For further information please contact the sole selling agents.
Property ID: 504316456Last Updated: 4 Aug 2023
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