About the Listing
|Date of Auction||03 Dec 2021|
|Sale or Lease||For Sale|
|Primary Listing Agent||Rom Cicchiello|
Net Income Per Annum$71,145
Current Occupancy RateFully occupied
Current Number of Tenants1
Tenant DetailsParadise Motor (Sales) Pty Ltd
Sale Price RangeContact Agent
Current Lease Expiry2027
FETCHED PRIOR TO AUCTION Buy Right and Hold Tight!!
- Leased to Paradise Motors expires 2027
- Dual office & warehouse
- Significant land component
6 Virginia Road, Newton is a rare opportunity to own a highly sought after asset in one of Adelaide’s exclusive industrial precincts, Newton Industrial Park.
Just 11.0 kilometres from the heart of Adelaide this significant allotment on Virginia Road boasts 30 metres in street frontage, as well as 1,574 s.m. of land and a 670 s.m. dual office and warehouse.
The space is currently leased to Paradise Motors(sales) Pty. Ltd. until 2027, providing a stable source of income for potential new owners.
Fetch Property is confident this asset will suit a range of buyers, offering an opportunity to close in on an in-demand land holding with a secure annual income.
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