98 Frome Street,
Adelaide, SA 5000
Shops & Retail • Offices
Price information
Sold
Contact Agent
Key property information
Floor area
Car spaces
Parking info
Tenure type
Sold on
Ray White - Norwood- RLA 278530
249 Greenhill RoadDULWICH, SA 5065
98 Frome Street
Adelaide, SA 5000
Map of 98 Frome Street
SOLD BY MATT LAZARUS & TONY RICKETTS
SOLD AT AUCTION BY MATT LAZARUS & TONY RICKETTS
On behalf of our valued client, Matt Lazarus & Tony Ricketts as exclusive listing agents are thrilled to present to the market also for sale Lot 5, 98 Frome Street Adelaide, by way of public auction on Thursday the 26th October at 11:30am (USP).
Comprising an area of approximately 178 square meters, the property is leased to Metro Homes as their selection centre. Fitted out to the highest standard, this A grade showroom has become an integral part of the Lessee's thriving business.
The property has two (2) dedicated basement car parks on the community strata title (which are not included in the Metro Homes lease) also offering additional revenue opportunity.
Tenant Profile
Metro Homes
Lease commencement: 1 November 2020
lease term: Five (5) years
Expiry date: 30 November 2025
Renewal option: Five (5) years
Further option: Five (5) years
Gross rental: $73,244.00 + GST per annum
The property will be sold by way of public auction at 11:30am on the 26th October 2023 (to commence immediately after the auction of 96 Frome Street).
For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 04307451... or Tony Ricketts on 04188279...
Disclaimer:
1. None of the Sophon Realty Pty Ltd & Sophon Group Pty Ltd Trading As Ray White Norwood, or Trebmal Pty Ltd Trading As RWC Adelaide Asset Management nor any of their respective officers, employees or consultants ("we, us") make any representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative
only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. "Sold/ leased" designations show only that stock is "currently not available" - not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer
On behalf of our valued client, Matt Lazarus & Tony Ricketts as exclusive listing agents are thrilled to present to the market also for sale Lot 5, 98 Frome Street Adelaide, by way of public auction on Thursday the 26th October at 11:30am (USP).
Comprising an area of approximately 178 square meters, the property is leased to Metro Homes as their selection centre. Fitted out to the highest standard, this A grade showroom has become an integral part of the Lessee's thriving business.
The property has two (2) dedicated basement car parks on the community strata title (which are not included in the Metro Homes lease) also offering additional revenue opportunity.
Tenant Profile
Metro Homes
Lease commencement: 1 November 2020
lease term: Five (5) years
Expiry date: 30 November 2025
Renewal option: Five (5) years
Further option: Five (5) years
Gross rental: $73,244.00 + GST per annum
The property will be sold by way of public auction at 11:30am on the 26th October 2023 (to commence immediately after the auction of 96 Frome Street).
For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 04307451... or Tony Ricketts on 04188279...
Disclaimer:
1. None of the Sophon Realty Pty Ltd & Sophon Group Pty Ltd Trading As Ray White Norwood, or Trebmal Pty Ltd Trading As RWC Adelaide Asset Management nor any of their respective officers, employees or consultants ("we, us") make any representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative
only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. "Sold/ leased" designations show only that stock is "currently not available" - not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer
Additional information
External websites
Property ID: 504431608Last Updated: 30 Jan 2024
Ray White - Norwood- RLA 278530249 Greenhill Road
DULWICH, SA 5065
DULWICH, SA 5065
Ray White Adelaide City93 Frome Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
More properties from Ray White - Norwood- RLA 278530
Other properties you might be interested in based on the location and property type you are looking at.
