The Feathers Shopping Centre, Unit 5, 544-548 Greenhill Road,
Hazelwood Park, SA 5066
Shops & Retail
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Map of The Feathers Shopping Centre, Unit 5, 544-548 Greenhill Road
AN AFFORDABLE EASTERN SUBURBS INVESTMENT
Rare opportunity for small investor or an intending future owner occupier to acquire strata titled premises with valuable developmental and licensing approvals in place to operate as a licensed restaurant with an associated take-a-way outlet.
Unit 5, form part of a landmark and tightly held strata titled complex as owned by individual entities and is prominently positioned along Greenhill Road at the intersection of Glynburn Road.
Unit 5 has a lettable area of about 85 sq.m and for many years has been utilised as a Licensed Restaurant, currently operating as "Samui Thai".
The current lease in place expires on 31/08/2018 with no right to extend remaining. Current rental payable is only $30,162.92 PA + GST and Tenant is also responsible for payment of all statutory charges (except Land Tax) and the Tenant also pays the Strata Contribution Levy.
The existing rental rate is conservative given the location of the premises and its approved land use therefore providing genuine rental/capital growth prospects.
The property is offered for definite sale at $545,000.000 and the existing lease will be assigned to the purchaser at settlement with no variations.
Contact Sole Agents - George Zogopoulos on 8410 6444 or 0412 824 278.
Unit 5, form part of a landmark and tightly held strata titled complex as owned by individual entities and is prominently positioned along Greenhill Road at the intersection of Glynburn Road.
Unit 5 has a lettable area of about 85 sq.m and for many years has been utilised as a Licensed Restaurant, currently operating as "Samui Thai".
The current lease in place expires on 31/08/2018 with no right to extend remaining. Current rental payable is only $30,162.92 PA + GST and Tenant is also responsible for payment of all statutory charges (except Land Tax) and the Tenant also pays the Strata Contribution Levy.
The existing rental rate is conservative given the location of the premises and its approved land use therefore providing genuine rental/capital growth prospects.
The property is offered for definite sale at $545,000.000 and the existing lease will be assigned to the purchaser at settlement with no variations.
Contact Sole Agents - George Zogopoulos on 8410 6444 or 0412 824 278.
Property ID: 502381318Last Updated: 10 Oct 2017
08 8410 644...
The Feathers Shopping Centre, Unit 5, 544-548 Greenhill Road
Hazelwood Park, SA 5066
Negotiators Real Estate - AdelaideLevel 2, 195 Victoria Square
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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