• Sold
A Landmark Investment
A Landmark Investment
A Landmark Investment
A Landmark Investment
A Landmark Investment
A Landmark Investment
A Landmark Investment

For Sale

Colliers International is delighted to offer for sale 928 North East Road, Modbury SA.

The property provides an opportunity to acquire a landmark office complex offering genuine value-add potential through repositioning its exclusive built form or through rental uplift.

Key features of this offering include:
•Substantial improvements of approximately 1,388sqm across three separate buildings.

•Leased to prominent Adelaide businesses in Stunning Homes, Person-Centred Training, People Come First Inc and Minda Inc.

•Estimated fully leased net income of approximately $205,777 per annum (imputed) with potential for future income growth through refurbishment.

•Estimated passing net income of $191,077 per annum plus GST.

•Extensive site area of approximately 4,141sqm with a combined frontage of 74.06 metres to North East Road and Smart Road.

•Urban core zoning allowing development of up to 5 levels (STCC).

•Outstanding location adjoining to Modbury Medical and Dental Centre and within close proximity to Westfield Tea Tree Plaza, Adelaide O’Bahn Interchange, Modbury Hospital and GP Plus Super Clinic as well as TAFE SA.

For Sale by Private Treaty – offers in excess of $2,750,000

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

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

Property Details

  • 12/09/2019
  • Contact our experts for details on this transaction