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SOLD

43 George Street, Norwood, SA, 5067

Properties / Sold / South Australia / Norwood

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

627 m² (*approx)

Floor Area

158 m² (*approx)

Property Type

Offices, Child/Healthcare, Other

Sub-type

Health Care & Medical, Office Suites

Terms

Initial lease term commencing 1st November 2021 until 31st October 2023

Est. Income

$53,272 p/a

Fully Leased

Sanare Wellness Pty Ltd

Car Spaces

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2. Property Highlights

Character Investment in the Heart of Norwood - UNDER CONTRACT

Highly sought-after location
Fully leased to Allied Health Practice
Net Annual Income of $53,272.58* + GST

Savills is pleased to present this character standalone Allied Health Office in the heart of Norwood.

Key Investment Highlights include:

- Standalone character villa offering premium office/consulting

- Fully Leased to Sanare Wellness Pty Ltd

- Initial lease term commencing 1st November 2021 until 31st October 2023

- Estimated net annual income of $53,272.58* + GST as at November 2022

- Favourable annual CPI rental increases

- Strategic high exposure, high demand, central location within Norwood

- High profile site of 627sq m* and enjoys a large 13.72sq m* frontage

- Building area of 158sq m* with 13 rear car parks

- Nearby to Hoyts Cinema, Bath Hotel, Norwood Oval and the newly built Como on the Parade precinct

- Zero stamp duty on the sale of commercial property in South Australia

- Zoned Business Neighbourhood within the City of Norwood Payneham & St. Peters

For Sale by Expressions of Interest Closing Wednesday 31st of May 4pm 2023 (ACST) unless sold prior.

An inspection is must!

Please contact the exclusive listed agents to book a private inspection.

*approximately

Remember to mention you found this property on CommercialReady