33 Torrens Road, Riverton

*UNDER CONTRACT*

*LEASED COMMERCIAL PROPERTY INVESTMENT*

This well-presented freehold property provides an excellent opportunity to enter the commercial property investment market at an affordance price.

For Sale, with a lease already in place to an operator of a well established business.

Located in the Mid-North township of Riverton, less than 100 kms from Adelaide, the popular 'Thrifty Link' branded hardware business entered into a new 3 year lease agreement from October 2024 at a net rent of $21,600 per annum.
CPI annual rent reviews.
2 x 3 year renewal options (ie. from October 2027 and October 2030).

The business is strong with the tenant covering all standard commercial outgoings.

Approximate building areas are:
• Retail area 253.7 sqm
• Staff/Office/Store areas 78.4 sqm
• Warehouse 201.5 sqm
• Shedding 125.3 sqm
• TOTAL 658.9 sqm

The property extends to a total site area of approximately 749 sqm, with frontage to Torrens Road of approximately 18.6m. There is access to the rear yard off Gilbert Street.

It is held on a single Torrens title.
Nil easements.

No GST
No Stamp Duty

For further information, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346