100 Melbourne St, North Adelaide
$740,000- Property type: Retail
- Floor Area: 70 sq metres
- Car Spaces: 2
- Land size: 142 sq metres
- Listing type: Sold!
- Tenancy: Tenanted Investment
Prime Investment Opportunity
Located in the vibrant heart of North Adelaide, 100 Melbourne Street offers an exceptional investment opportunity. Spanning approximately 145 sqm of land with a 70 sqm building area, this property combines strategic location with practicality, making it ideal for astute investors.
Key Features:
The property is tenanted by Butter & Toast Pty Ltd, a well-loved café renowned on Melbourne Street. With a stable lease in place until 2027, it ensures a secure rental income.
The current rent stands at $36,070.60 per annum (plus GST plus Outgoings), offering a reliable return on investment.
Torrens title.
Self-contained kitchen equipped with a large canopy and cool room.
Separate toilet facility at the rear.
Additional storage room for convenience.
Parking & Accessibility:
Back access from the side street.
Rear space accommodates up to two cars.
A grease trap is installed, and the property layout supports efficient restaurant operations.
Proximity to Adelaide CBD enhances its appeal and foot traffic.
Zoned under City Main Street (CMS) and City High Street (CiHS) subzones, providing long-term growth potential.
For more details or to arrange an inspection, please reach out to Simon Hou on 0423807866.
