• Long-Standing Tenant
• New 6+ Year Lease
• Net Income of $394,550 Per Annum

The property is a high-profile corner site on Richmond Road some 5 km west of the Adelaide CBD. On the homeward bound side of Richmond Road, the site enjoys great exposure to passing traffic and ease of access to the balance of the metropolitan area through connection to strong road networks. In a market where opportunities are scarce, Leedwell is pleased to offer a securely leased retail investment at 92-94 Richmond Road, Keswick (and 1-3 Farnham Road, Keswick).

Key advantages of the opportunity are listed below:

→ Long-standing tenant occupancy- Snowy’s Outdoors
→ New 6+ year lease with 7 year right of renewal
→ Net income of $394,550 per annum
→ Prominent main road location in tightly held inner western location
→ High profile corner allotment measuring over 3,000sqm in total
→ Showroom, warehouse and office improvements of circa 2,245sqm (including mezzanine)
→ Secure on-site car parking for 33 vehicles
→ Four Certificates of Title

The property is offered for sale via Expressions of Interest, closing at 4pm on 25 October 2023.