Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to offer for sale 248-262 Marion Road, Netley, South Australia. A secure multi-tenanted investment with strong short-term rent reversion potential and immediate development capability, the property offers a rare opportunity to acquire a significant infill site in a premium inner south-west precinct neighbouring Adelaide International Airport. Key Investment Highlights include: • 3.9* hectare high profile corner site with extensive main road frontage of 161 metres* • Premium Inner South-West infill location adjacent to Adelaide International Airport and only 5kms* from the CBD • Net income of approximately $1.7m* with significant rental reversion upside (Estimated net market income of $2.6m*) • Immediate development potential to the undeveloped area of approximately 6,400 sqm* to the rear of the site (STCA) • Future redevelopment/repositioning opportunity for the site to a higher and better use (STCA) • No stamp duty applicable for industrial property in South Australia The property is being offered via an Expressions of Interest campaign closing 3pm (AEDT) Tuesday 12th November 2024. For further information please contact the below exclusive marketing agents. *approx RLA 315726
Cushman & Wakefield (RLA 315726) - Adelaide
Level 1, 123 Pirie Street, Adelaide, SA
Cushman & Wakefield - Melbourne
Level 9, 385 Bourke Street, Melbourne, Vic
Immobilie ID: 504713200