121 Unley Road (Cnr. Marion St), Unley, SA 5061

Not to be missed opportunity for small investor or future intending owner occupier to purchase strategically positioned Strata Titled retail/commercial units, with versatile well maintained improvements, which form part of a small Strata Titled complex, situated in a commanding high traffic flow location with dual street frontages, located right in the heart of Unley Road, with major development activity envisaged nearby.


Units 1 and 2, have been held in the same ownership for the past 40 years, which evidences the quality/solidity of the investment opportunity, and are to be offered individually by Public Auction on Tuesday 15/04/2025, with Auction commencing at 11.00am.  Order of sale will be determined on day of Auction with a deposit of 10% payable on fall of hammer with balance in 30 days.  GST will not apply to the sale - to be sold as a Going Concern - and NIL stamp duty is payable.


UNIT 1:
Prominently positioned corner premises with lettable area of about 108 sqm, leased for term of 3 years from 01.02.2025, with option for 3 years.  Current rent $36,500.00 PA + GST + Tenant pays all outgoings, with yearly reviews by 3.5%, with market at renewal.


UNIT 2:
Versatile premises, facing Marion Street, with extensive fit-out in place, with lettable area of about 96 sqm, utilised as consulting rooms.  Leased to established/proven Tenant for 3 year extended term commencing 01.03.2025, with option for 3 years remaining.  Current rent is only $22,947.56 PA + GST + Tenant pays all outgoings, with yearly reviews by 3%, with market at renewal.


Existing rentals are conservatively set with genuine rental/capital growth prospects.  A summary of existing leases can be provided on request.


To Register your interest in this exciting opportunity, contact the Exclusive Selling Agents.  Inspection is strictly by prior arrangement.



For further details contact George Zogopoulos, 8410 6444 or 0412 824 278, email:  [email protected], www.negotiatorsrealestate.com.au