Tea Tree Gully

1305 North East Road Tea Tree Gully SA

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Building Size
350 sqm
Land Size
1258 sqm


Immaculate And Secure Long Term Investment!

**For Sale by Best Offers by Monday 12 December at 12pm**

City Realty are delighted to offer Shops 1-2, 1305 North East Road, Tea Tree Gully to the market for Sale.

This property is an excellent opportunity for an investor to secure a fully leased holding with two strong and secure tenants on long term leases, in the growing north-eastern region.

The property offers several attractive features including:

– Two long-term tenants, national tenant KX Pilates and Pie Time Café.
– Exceptionally maintained building of brick construction.
– Gross Lettable Area of 350 square metres*
– Prime 1,258 sqm* corner landholding with great accessibility.
– 40 m* frontage and exposure to over 16,000 passing vehicles daily.
– 21 parking spaces on a well-maintained, front-facing car park.
– City Council of Tea Tree Gully, one of Adelaide’s growing north-eastern neighbourhoods.
– Zoned – Local Activity Centre – LAC.
– Estimated income of $89,232.06 per annum plus GST and outgoings*.
– Rental increases due in Dec 2022 and Jan 2023

For sale by best offers by Monday 12 December at 12 pm.

For a detailed Information Memorandum or to arrange an inspection please contact Cameron Garry, Saxon Smith, or Nova Gaud from City Realty.

This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 262 481


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