Sold
370-384 Sturt Road,
TONSLEY 5042, South Australia
Price withheld
Property details
-
Agents
Income Today, Upside Tomorrow
OPEN INSPECTIONS:
• Wednesday, 29th April @ 4pm to 4:30pm
• Wednesday, 6th May @ 4pm to 4:30pm
RWC Adelaide are pleased to present to market 370-384 Sturt Road, Tonsley, a proven retail strip shop investment complemented by a development-ready rear landholding.
Strategic buyers will appreciate the opportunity to acquire a dual-use site. The strip shops fronting Sturt Road comprise eight tenancies, delivering a diversified income stream, while the rear landholding presents a compelling opportunity for future mixed-use development.
Positioned within a rapidly evolving southern growth corridor, the property benefits from strong surrounding infrastructure investment, increasing residential density, and proximity to key infrastructure including Flinders University and Flinders Medical Centre.
Key Investment Highlights:
• Expansive 1,658sqm* site with dual street access and flexible development potential
• 435sqm* of improvements across eight fully leased tenancies
• Diversified and resilient income stream supported by seven tenants
• Suburban Activity Centre zoning supporting mixed-use development up to four levels (STCC)
• Prominent frontage to Sturt Road with exposure to 26,000+ vehicles daily**
• Positioned to benefit from the Torrens to Darlington infrastructure upgrade
• Estimated net income of $117,888 per annum + GST
• No Stamp Duty or GST payable
370-384 Sturt Road, Tonsley is offered to market by Public Auction, to be held on-site on Friday the 8th of May at 11am (USP).
For further information, please contact the exclusively listed agents at RWC Adelaide.
*Approx.
**Department for Infrastructure and Transport
• Wednesday, 29th April @ 4pm to 4:30pm
• Wednesday, 6th May @ 4pm to 4:30pm
RWC Adelaide are pleased to present to market 370-384 Sturt Road, Tonsley, a proven retail strip shop investment complemented by a development-ready rear landholding.
Strategic buyers will appreciate the opportunity to acquire a dual-use site. The strip shops fronting Sturt Road comprise eight tenancies, delivering a diversified income stream, while the rear landholding presents a compelling opportunity for future mixed-use development.
Positioned within a rapidly evolving southern growth corridor, the property benefits from strong surrounding infrastructure investment, increasing residential density, and proximity to key infrastructure including Flinders University and Flinders Medical Centre.
Key Investment Highlights:
• Expansive 1,658sqm* site with dual street access and flexible development potential
• 435sqm* of improvements across eight fully leased tenancies
• Diversified and resilient income stream supported by seven tenants
• Suburban Activity Centre zoning supporting mixed-use development up to four levels (STCC)
• Prominent frontage to Sturt Road with exposure to 26,000+ vehicles daily**
• Positioned to benefit from the Torrens to Darlington infrastructure upgrade
• Estimated net income of $117,888 per annum + GST
• No Stamp Duty or GST payable
370-384 Sturt Road, Tonsley is offered to market by Public Auction, to be held on-site on Friday the 8th of May at 11am (USP).
For further information, please contact the exclusively listed agents at RWC Adelaide.
*Approx.
**Department for Infrastructure and Transport
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Contact Oliver Totani
Contact Oliver Totani
Oliver Totani
370-384 Sturt Road, TONSLEY SA 5042
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Oliver Totani
370-384 Sturt Road, TONSLEY SA 5042