202-204 Mount Barker Road, Aldgate

* PROPERTY SOLD AT AUCTION *

Fully leased, mixed use commercial property investment with a net rental return of $59,297 pa, situated within the tightly-held main shopping strip of Aldgate.

The premises comprise three separate tenancies - two retail shops with road frontage to Mount Barker Road, and one consulting rooms tenancy situated in a self-contained, detached building. The wedged-shaped , single titled site of approx 940 sqm, extends from Mount Barker Road at the front, right through to Fenchurch Road where there is vehicular access to the driveway and on-site parking at the rear of the site.

Zoned Neighbourhood Centre (Aldgate)

SE Freeway (Stirling exit) 2.5kms
Adelaide 18kms

The tenancies are all currently leased - Details are follows:

202 Mount Barker Road
Retail Shop – Koffee Beans & Gifts
Approx internal area 95.9 sqm
3 + 2 yr lease from 01-Aug-14
Current net rent $21,529.44 pa

204 Mount Barker Road
Retail Shop – t/a ‘Aldgate Village Newsagency’
Approx internal area 130.5 sqm
3 + 3 yr lease from 01-Mar-13
Current net rent $22,000 pa

3 Theodore Lane
Consulting Rooms - Psychiatric consultancy and associated services
Approx internal area 127 sqm
2 + 3 yr lease from 01-Apr-14
Net rent from 1st April 2015 $15,767.22 pa

The property is FOR SALE by Auction to be held on-site on Wednesday 29th April at 2pm, unless sold prior.
Guide $690,000 - $740,000

For further information, please contact commercial property and business sales specialists, Venture Commercial RLA 251076:
Harry Sanders 0431 057 346
or Nigel Grivell 0414 257 999

The sale is being handled in conjunction with joint agents LJ Hooker - Stirling RLA 61791