2 Brooker Terrace, Cowandilla

Expressions of Interest Close Monday 21st June at 12pm - Unless Sold Prior

Now is your opportunity to acquire a commercial property in the tightly held inner western region of Adelaide only a stones throw from Sir Donald Bradman Drive and only 5 minutes to the city centre.

An original bungalow with a shop front facade, this property has a multitude of different options and suit the savvy investor. Whilst the main building comprises of a showroom, offices, consulting/ meeting rooms and storeroom there is a bonus large garage/ warehouse spanning across the rear of the the property, which is currently being used as a large meeting room and storage.

The amenities both kitchenette and bathroom are clean, neat and tidy. There is ducted reverse cycle air-conditioning throughout the main part of the building, whilst the lunchroom has its own reverse cycle spilt system. There is also ample carparking with 10 clearly marked carparks at the rear.

Currently tenanted and returning $31,729 per annum, plus outgoings, plus GST. The tenants have a good history since 2015 and have just signed an extension which expires 13th March 2023 with an option to extend a further one or two years with CPI increase every year.

The property is zoned General Neighbourhood, however the current land use is 2160-Specialty Shops so the lucky purchaser would be able to obtain the qualifying land stamp duty exemption on the purchase.

Situated on an allotment of 697sqm with a main road frontage of 15.24 meters this tidy property would suit both those looking to invest or to personally occupy in a year or two.

For more information and/ or book an inspection please call Martin on 0402 560 533

CT / Vol 5816 / Folio 275
Title / Torrens Title
Equivalent Building Area / 297 sqm
Land Size / 697 sqm
Current Rental / $31,729 p.a. plus outgoings, plus GST
Council Rates / $3386.80 p.a.
Water & Sewer / $210.91 p.q.
ESL / $782.00 p.a.
Land Tax as a single holding / $590.00 p.a.

Speak to TURNER Property Management about managing this property
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RLA 62639