Enjoying a prominent stand-alone City-fringe location, a great opportunity exists here with this outstanding freehold property. The original character Villa cottage with a lettable area of approximately 286 sqm sits on a triangular allotment of approximately 530 sqm, located at the start of a busy, prestigious business and retail strip, with the tram at the doorstep. The property is currently occupied by the 'Orient Express Model Railway Shop' and is offered for sale with a short term leaseback until 30 September 2025 at a holding income of $4,333.33 per month plus GST. The single-level layout currently comprises a street-front covered porch entry, three showrooms, boardroom, two administration offices, kitchen, two toilet amenities and bathroom with shower. There are 7 onsite carparks, 4 undercover. Zoned Business Neighbourhood (BN) the property has options to update, extend or convert into street-front retail or specialty accommodation, consulting rooms or similar (STPC). At a glance:- • Zoned Business Neighbourhood (BN) • High profile site with high traffic exposure • Total site area of approx 530sqm • On-site parking for up to 7 vehicles, plus street parking • Substantial existing improvements • Holding income until 30 September 2025 • Solar panels x 21(North facing) • No Stamp Duty or GST Payable Find location, value and versatility on offer here and capitalise on the cosmopolitan King William Road precinct with the CBD just moments away. Auction: Friday 6th December at 10:30am on site
Email enquiry to Ray White Adelaide City
Properti ID: 504740636