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SOLD

Level Ground, 198 North Terrace, Adelaide, SA, 5000

Properties / Sold / South Australia / Adelaide Cbd

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

For Sale by Expressions of Interest

Floor Area

280 m² (*approx)

Property Type

Retail

Terms

New 5-year lease expiring 30 June 2029

Est. Income

$170,000 p/a

Fully Leased

OPSM

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2. Property Highlights

Iconic Adelaide Trophy Investment

- Securely leased investment to longstanding blue-chip tenant

- Prime CBD location with significant frontage to North Terrace

- Surrounded by Adelaide's most significant landmarks

McGees Property is thrilled to offer an exceptional investment opportunity along the esteemed and coveted North Terrace in the heart of Adelaide's CBD. Widely recognised as Adelaide's ceremonial and premier boulevard, this locale presents an unparalleled chance for investment.

Key investment highlights:

- Long standing global tenant – OPSM (Luxottica Retail Australia Pty Ltd)

- Recently committed new 5-year lease expiring 30 June 2029

- Net Rental $170,000 as at 1st July 2024 p.a. plus GST plus outgoings

- 280 sqm* net lettable area

- Basement (vacant possession) also available to purchase - contact agents for more details.

For Sale by Expressions of Interest closing Tuesday 9 April 2024 at 4pm.

For further details or to arrange an inspection of Ground Floor, 198 North Terrace, Adelaide contact Igor Jaric, Andrew Wilson or Michael Dimasi of McGees Property (RLA 1722).

(* approx)

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