High Exposure Investment Opportunity

LJ Hooker Commercial Adelaide is pleased to present to the market 616 Cross Roads, South Plympton for sale by way of public auction.

On offer for the first time in 26 years, the corner block is ideally located on a prime and high exposure positon on the corner of Cross Road and Marion Road the property offers an outstanding opportunity to purchase a strategic land holding on a busy intersection. The property boats some 1,353 sqm of land area with vehicle access off both roads.

The property is currently tenanted to a Natural Therapy Centre and will have holding income and is permitted for mixed use of residential and commercial.

The property features the following key characteristics:
- 1,353 sqm Land Area*
- 224 sqm Gross Building Area*
- High exposure
- Exposure to 51,400* vehicles, daily
- Zoned Housing Diversity Neighbourhood
- Suitable for a range of uses or development potential (STCC)
- On-site parking for up to 12 car parks with room to expand
- Holding income of $50,000
- Approved for duel commercial and residential use, can be used as purely commercial or residential (STCC)
- Scope for mixed use redevelopment up to 3 storeys*

OPEN INSPECTION TIMES:
Wednesday 19th October 2022 between 12:00p.m. – 12:45 p.m.
Wednesday 26th October 2022 between 12:00p.m. – 12:45 p.m.
Wednesday 2nd November 2022 between 12:00p.m. – 12:45 p.m.
Wednesday 9th November 2022 between 12:00p.m. – 12:45 p.m.

Contact Justin Li 0422 221 162 or Mark Tettis 0433 139 892 for more information.

*Approximate

** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor’s Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015