More Than Just an Investment

35 Prospect Road, Prospect, South Australia 5082

Retail For Sale

Auction. Date 17 Oct 2018
Land Area: 1,034.00 m2.    Floor Area: 478.00 m2.    

Description

Colliers International are pleased to present the opportunity to purchase 35 Prospect Road, Prospect, a high profile blue chip leased investment, underpinned by its rare corner land holding and inherent medium density residential development upside.

We encourage purchasers to consider the following key investment features:

• Securely leased to T&M Holdings Pty Ltd, trading as Tyres & More, operating over 59 stores across Australia

• 5+5 year lease from January 2015, providing a current net annual income of $101,766 plus GST

• TYO: listed parent company means tenant to pay all outgoings including land tax (excluding management)

• High profile corner position spanning across 1,034sqm* of site area

• Well-located a short 3km* from the Adelaide CBD and ideally situated at the entrance to the thriving 'Prospect Road' precinct, anchored by the brand new $20 million art deco Palace Nova Cinema Complex

• Favourable Urban Corridor (Transit Living) zoning encouraging multi level medium density residential development

• Expansive dual street frontage offering 33m* to Prospect Road and 29m* to Richman Avenue with invaluable access and outlook over St Helens Park

• Adaptable improvements of some 478sqm*, well suited to retail/hospitality repositioning

35 Prospect Road, Prospect will be offered For Sale by Public Auction on Wednesday the 17th October 2018 at 12pm (ACST) on-site.

An information memorandum is available upon request.

*approx.

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:

Oliver Totani +61 412 808 743
Jack Dyson +61 448 685 593
Tom Isaksson +61 422 154 570

Features

  • Current net income $101,766 pa*
  • High profile national tenant
  • Corner site adj. parklands of 1,034m²*
  • Urban Corridor zone = Dev. upside

Specifications

Council City of Prospect
Zoning Zoned Urban Corridor (Transit Living)

Transaction Details

04 Oct 2018
35 Prospect Road, PROSPECT SA 5082, AUSTRALIA

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