1-3 Finniss Street, North Adelaide
For Sale by Public Auction
overview
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1P4054
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Retail
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Auction
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284 sqm
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165 sqm
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Thu 14th of Nov11:00 AM
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On Site
Description
North Adelaide Icon – Owner Occupier Opportunity with Holding Income
- Classical two-storey building of 284 sqm* with all the modern luxuries
- Dual tenancy - fully leased until February 2025
- Prime North Adelaide corner site of 165 sqm* overlooking parklands
- Upstairs potential for office or residential use (STCC)
- On-site car parks for up to 2 vehicles and lift access
- Zoned City Living
McGees Property are delighted to offer the freehold sale of 1-3 Finniss Street, North Adelaide.
A classical building, brilliantly positioned on the corner of Finniss Street and Mackinnon Parade, 1-3 Finniss Street is fully occupied with reputable tenants with tremendous and immediate owner occupier upside.
Currently leased with a strong net estimated income of $92,131 per annum* plus GST. Purchasers will have the opportunity to invest in a North Adelaide icon to either occupy in the future, or re-lease for future rental upside.
Ground floor is currently leased to a highly regarded beautician, with an upcoming market rent review in May 2025 presenting an opportunity for rental uplift. First floor tenancy leased to an education operator set to vacate in February 2025, an opportunity for owner occupiers' business or residential occupation (STCC).
For Sale by Public Auction to be held on site on Thursday 14 November 2024 at 11am.
For more information, or to arrange for an inspection of 1-3 Finniss Street, North Adelaide, please Contact Charlie Caruso or Simon Lambert of McGees Property (RLA 1722).
(* approx.)
- Dual tenancy - fully leased until February 2025
- Prime North Adelaide corner site of 165 sqm* overlooking parklands
- Upstairs potential for office or residential use (STCC)
- On-site car parks for up to 2 vehicles and lift access
- Zoned City Living
McGees Property are delighted to offer the freehold sale of 1-3 Finniss Street, North Adelaide.
A classical building, brilliantly positioned on the corner of Finniss Street and Mackinnon Parade, 1-3 Finniss Street is fully occupied with reputable tenants with tremendous and immediate owner occupier upside.
Currently leased with a strong net estimated income of $92,131 per annum* plus GST. Purchasers will have the opportunity to invest in a North Adelaide icon to either occupy in the future, or re-lease for future rental upside.
Ground floor is currently leased to a highly regarded beautician, with an upcoming market rent review in May 2025 presenting an opportunity for rental uplift. First floor tenancy leased to an education operator set to vacate in February 2025, an opportunity for owner occupiers' business or residential occupation (STCC).
For Sale by Public Auction to be held on site on Thursday 14 November 2024 at 11am.
For more information, or to arrange for an inspection of 1-3 Finniss Street, North Adelaide, please Contact Charlie Caruso or Simon Lambert of McGees Property (RLA 1722).
(* approx.)
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