Open Inspection // Friday 25th September 10:00am // Auction commencing 11:00am
*Price Guide - The property is being offered by way of public auction. No price guide will be given under the vendors' instruction, however recent sales data will be provided upon request via email and at the open inspections*
Offering the strategic buyer a mix of commercial and residential tenancies from a high-exposure western suburbs' address, this unique opportunity creates one hardworking Holbrooks Road investment.
With three street-facing shops and four rear-set residential units, all seven established tenancies have staggered lease expiries, adding further flexibility for the investor.
Currently generating a combined $151,006 per annum (approx.) in gross rental income, the numbers are already working for you.
A beauty therapy salon, hairdresser and cafe, all enjoy excellent foot traffic along Holbrooks Road, while each solid-brick rear home unit provides modest, updated accommodation in relative privacy.
There are no gardens demanding work - just four no-fuss units with their own rear carport allocation and tenants already calling them home; and the residential component is an easy complement to the commercial income.
For the investor looking for diversity across commercial and residential assets, or those planning to build a portfolio around one property with multiple income streams - it's all here, in one place.
As another advantage, given the property is classified as commercial with a Land Usage Code (LUC) 2100 - Retail Trade / Shops / Shopping Centre, it may attract no stamp duty - creating significant buyer savings (subject to Revenue SA requirements.)
Landbank it, improve it, or keep the existing strategy working long term. This flexible asset also holds potential redevelopment appeal (STPC), opening even more investment doors.
Income now, options later. There are plenty of ways to go.
Tenancy Details:
3 retail tenancies + 4 residential units to the rear
64A| $1414.30pm until September 26, 2027
64B | $1723.68pm until March 25, 2028
64C| $1732.50pm until June 30, 2030
Unit 1 | $440pw until December 17, 2026
Unit 2 | $470pw until June 30, 2027
Unit 3 | $410pw until August 2, 2027
Unit 4 | $460pw until June 30, 2027
Total | $151,006pa (approx.)
Zoned: Local Activity Centre
Land Use: 2100 - Retail Trade / Shops / Shopping Centre
No stamp duty on purchase - subject to Revenue SA requirements
5025 | Flinders Park in Focus:
Flinders Park is a well-rounded favourite for families, tenants and investors.
The city, coast and airport all sit conveniently in reach, while major arterials - Port and Grange Roads and Sir Donald Bradman Drive - put the wider western suburbs and reputable public and private schools in play.
With Holbrooks Road right in the mix, its busy local retail corridor services its community and surrounding neighbourhoods of Torrensville, Welland and Kidman Park, giving this investment a valuable commercial edge.
*We make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. Some information has been obtained from third parties and has not been independently verified.*
