49 Goodwood Road resent an excellent opportunity to purchase a prime investment property with substantial development upside.

Located on a very popular and busy Goodwood Road, the property is positioned directly opposite Wayville Showgrounds. The property benefits from a 15.24 meter frontage to Goodwood Road and secondary access and frontage from Young Street.

The property features the following:

-Large Site Area of 1,666sqm approx.
-Dual Street frontage to Goodwood Road and Young Street
-Fully Leased to an established and long term tenant on a 5 year lease commencing 5 February 2012 and expiring 4 February 2017 and an additional 3 year lease expiring 31/03/2014 for the use of the read shed plus car parks.
-Estimated net income of $54,148.50p.a. plus GST
-Valuable land holding ripe for development (stcc) with excellent holding income
-Ample on-site parking

Also available for sale are the adjoining properties of 43 Goodwood Road, and 51 Goodwood Road providing a total site area of 7,761sqm approx.

This is a very rare opportunity to purchase a key property in a very popular and tightly held location.

The property is offered for sale by negotiation.

RLA 231015