• Desirable Inner Eastern Location
• Excellent Holding Income
• Secure Onsite Parking

10 George Street, Stepney is strategically located in the tightly held inner east, offering excellent amenity and proximity to Magill Road, The Parade and the Adelaide CBD.

Located some 3 km east of the CBD and 1 km from The Parade the property enjoys proximity to all the local commercial, hospitality and retail amenity that the eastern suburbs have to offer. Leedwell is pleased to offer this well-presented commercial opportunity within the inner eastern
suburb of Stepney.

10 George Street, Stepney provides:
- Quality improvements of 133sqm* as offices and 30 sqm* store
- Comprised of five (5) main rooms, m/f toilets, shower and kitchenette
- Valuable 751sqm* site with 16.7m frontage to George Street
- 6 car parks (4 undercover)
- Offices leased to SPR Accounting and Taxation for 2+1 years, store/yard leased on a monthly
basis to Pascale Construction Pty Ltd
- Current rent of $55,000 PA + GST plus recovery of outgoings (except Land Tax)
- Affordable entry-level investment / Future development play and upside
- Zero stamp duty payable on applicable commercial transactions in SA
- Going concern rule to apply

The property is for sale via Expression of Interest closing on Wednesday 29 November at 4 pm.