74-74A Melbourne Street NORTH ADELAIDE SA 5006
$1,100,000-$1,200,000

DESCRIPTION

Keep as is, renovated or go big with the potential to go four stories high(STCC)

Ray White Adelaide Group is proud to present this awesome offering.

• Located in one of Adelaide's premier streets, with a mix of shops, residences and offices.

• A short stroll to the Adelaide CBD, Adelaide Oval and everything else North Adelaide has to offer

• Land Size 529sqm approx

• Currently split into two tenancies, one used as a storage station and the other a cafe

• Total Building site area of 171sqm approx

• Rear access from Sussex Street, 9 meter frontage to Melbourne St.

• Main Street (Melbourne East) zoning allowing for future development up to 4 storey's high (STCC)

• 74 leased until 31st October 2019 - $36,427p.a. plus GST & 74a leased until 30th June 2019 - $20,020p.a. plus GST with options for another 4 years. (these figures are based on when the leases started, they have risen since)

Please feel free to call me to discuss any further questions or quieries you may have.
RLA 275886|250254