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Melrose Park 1-7/973-981 South Road & 1-3/1 Price Street

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  • 1-7/973-981 South Road & 1-3/1 Price Street Melrose Park SA
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HIGH PROFILE CORNER SITE

For Sale by Expressions of Interest
Closing 26th March 2020 at 4pm (unless sold prior)

Extensive corner site, 3,160sqm (approx) over three titles comprising of shop front, warehousing and offices tenanted by predominantly long standing Lessees.

Perfectly located substantial holding, 15 minutes to CBD, airport and beach – outstanding opportunity to acquire over three titles.

Buyers Note:
* Outstanding mixture of building and facilities
* Medium/high clearance warehousing and factory areas, combined with shopfront and ample modern showroom offices
* Ample onsite car parking, some 32 car parks in total
* Extensive 76m frontage to Price Street with excellent egress points from both Price Street and South Road
* Represents ideal landbank generating a strong holding income

Council: City of Mitcham

Zoning: INDUSTRY/COMMERCE (MELROSE PARK) ZONE
- Policy Area 14 – District Centre Fringe (1-7/973-981 South Road)
- Policy Area 13 – Industry/Commerce Interface (1-3/1 Price Street)

Outgoings:
Council Rates: $14,629.00 per annum (approx)
SA Water Rates: $3,824.57 per annum (approx)
ESL: $3,056.30 per annum (approx)
Current Rent: Lot 181, Lot 182 & Lot 4 = $259,856.83 incl GST (approx) per annum
plus statutory outgoings paid by Lessees
Car Parking: 32 onsite car parks

Open for Inspection
By Appointment


Land Area 3,160 sqm

Sales Agents for this property:

Smallacombe Real Estate
Mitcham - RLA 1520

Find an Office

map-icon Smallacombe Real Estate Mitcham Office 83 Belair Rd, Kingswood 5062
Mitcham Office P: 08 8271 4177 Rental: 08 8274 8777
RLA 1520 Email Us

map-icon Smallacombe Sanderson Norwood Office 44 Fullarton Rd, Norwood 5067
Norwood Office P: 08 8130 1400
RLA 43473 Email Us

map-icon Smallacombe Real Estate Burnside Office 83 Belair Rd, Kingswood 5062
Burnside Office P: 08 8271 4177 Rental: 08 8274 8777
RLA 266135 Email Us

 

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