+8 Photos

SOLD

92-94 Richmond Road, Keswick, SA, 5035

Properties / Sold / South Australia / Keswick

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Floor Area

2245 m² (*approx)

Property Type

Retail, Other

Sub-type

Large Format

Terms

New 6+ year lease with 7 year right of renewal

Est. Income

$394,550 p/a

Fully Leased

Snowy’s Outdoors

Car Spaces

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2. Property Highlights

Securely Leased Retail Investment

Long-Standing Tenant
New 6+ Year Lease
Net Income of $394,550 Per Annum

The property is a high-profile corner site on Richmond Road some 5 km west of the Adelaide CBD. On the homeward bound side of Richmond Road, the site enjoys great exposure to passing traffic and ease of access to the balance of the metropolitan area through connection to strong road networks. In a market where opportunities are scarce, Leedwell is pleased to offer a securely leased retail investment at 92-94 Richmond Road, Keswick (and 1-3 Farnham Road, Keswick).

Key advantages of the opportunity are listed below:

→ Long-standing tenant occupancy- Snowy’s Outdoors

→ New 6+ year lease with 7 year right of renewal

→ Net income of $394,550 per annum

→ Prominent main road location in tightly held inner western location

→ High profile corner allotment measuring over 3,000sqm in total

→ Showroom, warehouse and office improvements of circa 2,245sqm (including mezzanine)

→ Secure on-site car parking for 33 vehicles

→ Four Certificates of Title

The property is offered for sale via Expressions of Interest, closing at 4pm on 25 October 2023.

Remember to mention you found this property on CommercialReady

Property Type

Retail, Other

Sub-type

Large Format

Est. Income

$394,550 p/a

Tenant

Snowy’s Outdoors

Terms

New 6+ year lease with 7 year right of renewal

Floor Area

2245 m² (*approx)

Car Spaces

Selling Method

EOI

Auction Date

25 Oct 2023 04:00PM

Add to calendar

Selling Details

Contact Agent

2. Property Highlights

Securely Leased Retail Investment

Long-Standing Tenant
New 6+ Year Lease
Net Income of $394,550 Per Annum

Key advantages of the opportunity are listed below:

→ Long-standing tenant occupancy- Snowy’s Outdoors

→ New 6+ year lease with 7 year right of renewal

→ Net income of $394,550 per annum

→ Prominent main road location in tightly held inner western location

→ High profile corner allotment measuring over 3,000sqm in total

→ Showroom, warehouse and office improvements of circa 2,245sqm (including mezzanine)

→ Secure on-site car parking for 33 vehicles

→ Four Certificates of Title

The property is offered for sale via Expressions of Interest, closing at 4pm on 25 October 2023.

Remember to mention you found this property on CommercialReady

92-94 Richmond Road, Keswick, SA, 5035 Keswick

Leedwell Property - Adelaide (RLA 222531)

Lvl 1, 16 Hutt Street, Adelaide

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Jamie Guerra

+61 *** *** *** show +61 418 849 780

Steve Smith

+61 *** *** *** show +61 410 532 022

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

92-94 Richmond Road, Keswick, SA, 5035