This substantial property offers excellent improvements on a large land holding with ample future upside via rental growth and more importantly, future development (stcc).
The property has extensive frontage to both Magill Road and Penfold Road and is located in a well established precinct with ample shopping facilities just a stone throw away.
Key features include:
- Net income of $156,000 p/a plus GST
- Outgoings recoverable from the Tenants
- Extensive frontage to Magill road of 37.5m (approx)
- Extensive frontage to Penfolds Road of 16.7m (approx)
- Massive site area of 2,305 sq.m (approx)
- Three seperate certificates of Title
- Zoned Neighbourhood Centre Area 3- City of Burnside
RLA 231015