54/81 Carrington Street

Adelaide SA 5000

An undercover carpark is offered for sale with the premises or to be sold separately. The carpark has its own individual title. The purchaser of the premises can have the option to secure the separate carpark along with the shop. The premises is currently utilized as a hair salon, a barber shop. The property will be sold under vacant possession. The premises has good visual street presence. The immediate location is mixed use, amid other commercial businesses and residential apartments. Alternate use for this property is endless, subject to the necessary approvals. Ideal for owner occupiers who require a professional office suite, solicitor, conveyancer, accountant, are an example. Retain as a hair salon, a nail and beauty salon or a convenience store servicing the above and surrounding apartments. The premises is approximately 45 m2 in total area. It offers a kitchenette, and a separate toilet. An external rear door enables you to walk to the undercover carpark located 50 metres away. Carrington Street is near the law courts, conveniently located near Pulteney Street with Hotels, restaurants, and cafes. Client parking in Carrington Street is readily available with either one hour of half hour parking in front of the shop or opposite free of charge.
For the investor dual rental income can apply. The carpark can be either offered for lease with the shop or the carpark can be leased separately. Investors can expect a 5% to 5.5%. net return. This appraisal is an estimate, and all investors should seek independent advice.
Each property is offered for sale separately. Best offers on or before the 30th of June 2022