On behalf of our valued client, LJ Hooker Commercial is proud to present to the market for the first time in 35 years, 361 Kensington Road, Kensington Gardens for sale by Private Treaty.
The property offers an exciting opportunity to acquire a well-positioned leased investment in the well-regarded, 'blue-chip' area of Kensington Gardens some 6 km* east of the Adelaide CBD. Improved on the site are three secure tenants and an ATM operator, offering a substantial holding income. Quite simply, properties of this quality are tightly held and rarely make it to the market, and are held within the family for generations.
A desirable and substantial holding within a great location, fantastic return and a chance to own an exceptional asset in a well known and tightly held precinct.
The property features the following key characteristics:
• Strong holding income of $323,747.36.
• Corner position with frontages to Kensington Road and West Terrace
• Main road frontage
• Three tenancies of some 671* sqm
• Zoned Local Activity Centre - LAC
• 2,774 sqm allotment*
• Adjacent to popular neighbourhood Foodland supermarket
For further information contact Rino Pancione 0417 822 987 or Mark Tettis 0433 139 892
*Approximate
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA 231 015
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