1-5/598 Henley Beach Road Fulham, SA 5024

UNDER CONTRACT

A unique location with high visibility and constant traffic flow, is the perfect site for this solid brick, 2 storey, multi-use, commercial and residential offering with potential to add further dwellings to the site STCC

All on their own titles - 5 Self Managed Strata titles. Being sold all together as one going concern.

With 3 speciality shops located on the ground floor and 2 residences above, on the first floor, the property presents an ideal investment opportunity with a steady income stream.
Extensive shedding and garaging will provide secure storage and vehicle accommodation across a generous 900 plus sqm, traditional allotment.

Current configurations include:
Unit 1: 3 Bedroom unit, large eat in kitchen, separate bath toilet in laundry, balcony access, shared first floor terrace - Currently tenanted at $345 per week

Unit 2: 1 or 2 bedroom unit, large eat in kitchen, balcony access, shared first floor terrace - Currently advertised for $310 per week

Unit 3: Catering / food, extractor fan installed, grease trap

Unit 4: Interior design, ample showroom space

Unit 5: Hairdresser

Garage 1: 6.4 x 12.4m = 79m2 approx

Garage 2: 7.6 x 6.3m = 47m2 approx

Details of current lease arrangements are available on request. Total income if all properties are leased is $81,000 plus p.a

Perfectly located close to the beach yet not far from the CBD with straight drive into the city,all within easy reach of all desired amenities

Westfield West Lakes & Fulham Gardens Shooping Centre are both nearby plus harbourtown and the Adelaide airport

Local schools include Fulham North Primary, Kidman Park Primary, Grange Primary, St Michael's College and Henley High School

A great opportunity to purchase and enjoy a rewarding, passive income stream

Property Details:
Council | West Torrens
Zone | R - Residential21 - Low Density
Land | 910sqm(Approx.)
House | 399sqm(Approx.)
Built | 1964

FORM 1 is AVAILABLE UPON REQUEST

Ray White Norwood are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.