8 / 24 Bridge Street, Balhannah

*SOLD BY VENTURE COMMERCIAL*

GROOMING INVESTMENT

Start, or add to your Commercial Property Investment Portfolio at an affordable level. The commercial lease here is all in place, with rental income from the tenant who operates the established and popular ‘Furry Friends Professional Pet Styling’ business.

The premises are situated within a Strata group complex which is well maintained and enjoys plenty of shared on-site parking. The tenancy is rectangular-shaped, with an internal floor area of approximately 54 sqm, equipped and fitted out by the tenant to suit their pet grooming business. The complex has shared WC facilities that are close-by.

The tenant has operated the business here since May 2021, with an extended lease commitment now running through until 19-May-29, and an option to renew thereafter for a further 5 years.

The current net rent is $14,000 pa (plus GST), adjusting to $16,500 pa net (plus GST if applicable) as part of the already committed to renewal term from 20-May-24. Rent is then reviewed annually in line with CPI adjustments and a market review at commencement of the next renewal term in May 2029.

The Lease is structured to enable all standard Outgoings for the property to be on-charged to the tenant. The most recent annual figures have been:
- Council Rates $1,237.14 (+GST)
- SA Water charges $693.31 (+GST)
- Emergency Services Levy $264.45 (+GST)
- Strata fees $1.340.40 (+GST)
TOTAL $3,535.30 (+GST)

Other operators within the centre include a small animal veterinary clinic, fodder store, hairdressers, a jeweller, air conditioning business, plus group of professional offices.

Zoned ‘Township’
Adelaide Hills Council
Strata Titled

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Harry Sanders 0431 057 346
Nigel Grivell 0414 257 999