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SUBSTANTIAL LAND HOLDING OF 7428 m2* – FRONTAGE TO GLYNBU...

19-29 Glynburn Rd, GLYNDE SA, 5070

For Sale

Property for Sale in 19-29 Glynburn Rd, GLYNDE SA, 5070

Raine & Horne Commercial South Australia

Level 1, 130 Rose Terrace, Wayville, SA 5034

Listing ID:
11316714
Status:
Active
For:
Sale
Price:
Price Upon Application
Last Updated:
23/10/2018
Icon building

Property Type

Land/Development
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Land Area

7428 SQM
Icon size

Floor Area

N/A
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Parking

N/A

SUBSTANTIAL LAND HOLDING OF 7428 m2* – FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY – HELD BY SAME OWNERS OVER 65 YEARS

SUBSTANTIAL LAND HOLDING OF 7428 m2* - FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY - HELD BY THE SAME OWNERS FOR OVER 65 YEARS - 5 TITLES - EXCELLENT HOLDING INCOME - MULTIPLE TENANCIES - RARE OPPORTUNITY TO LANDBANK OR REDEVELOP (STCC)

This property combines a great tenancy mix with long term upside. Perfect to landbank, the current approximate net passing rental is $330,806.24 per annum.

The current improvements comprise the following:
29 Glynburn Road
6 x Warehouse units, good concrete hardstand and carparking.
25 Glynburn Road
Modern, Tilt concrete warehouse/showroom leased to Laurence & Hanson
19 Glynburn Road
Converted dwelling and garaging Leased to Mind Australia

The site could also be used for a variety of uses (subject to usual consents) or enhance the existing improvements.
All areas/dimensions are approximate
RLA 205498 & 166790

For more details, please email agent

Raine & Horne Commercial South Australia

Level 1, 130 Rose Terrace, Wayville, SA 5034


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