Investment Opportunity - Long Standing Tenant of 20 years.

Located in the heart of Melbourne Street, North Adelaide amongst the active retail/ cafe/ office precinct lies this fantastic investment opportunity and the perfect addition to your property portfolio.

Within a Strata group addressed as 81- 91 Melbourne Street and made up of four ground floor occupants that are diverse in nature (ie. restaurant, consultancy and beauty), the address is also home to 18 residential apartments with separate foyer access. 

Features of the property include:

- 48 sqm (approx.) lettable area

- Prime exposure and frontage to Melbourne Street.

- Tenant: South Australian Immigration Services Pty Ltd trading as "Australian Immigration Consultants" ( a passing tenant of some 20 years at the same premises). 

- Rental: $15,600 p.a + O/G + GST ( $1,300 p.m + O/G + GST).

- Lease option renewable up until 2029. 

- Full Information Memorandum available on request. 

If you have any questions or would like to inspect the property, please do not hesitate to contact Nicolas Mastrangelo on 0401 790 753, Pasquale Mastrangelo on 0409 465 863 or the Mastracorp Office on 08 8212 0140.

Address 89 Melbourne St, North Adelaide
Price $320,000
Property Type commercial
Property ID 1900
Category Offices, Medical/Consulting, Retail
Office Area 48m2

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Nick Mastrangelo

0401 790 753
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