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- Level 2, 276 Flinders Street, ADELAIDE, SA 5000
Level 2, 276 Flinders Street,ADELAIDE, SA 5000
Level 2, 276 Flinders Street,
ADELAIDE, SA 5000
for Sale
404m² (approx)PRICE
$2,450,000
PROPERTY ID
AU-4833914-1For Sale
For Sale - Office
CBD OFFICE WITH SIGNIFICANT 5.62 YEAR WALE
Highlights
- Two tenants with net rent $163,654pa*
- Long term WALE of 5.62 years
- Asking yield of approximately 6.7%
Overview
Situated on the second floor of 'Flinders Loft' above exceptionally popular café 'Flinders Street Project', L2, 276 Flinders Street is nestled amongst a sensational streetscape. Located perfectly between the Hutt Street and the Rundle Street/East End, this vibrant area will ensure tenant demand remains strong.
Currently fully occupied with long term leases in place, this two-tenancy office investment provides a differentiated product with attractive yield, outstanding quality and surrounding amenity.
Further details as follows:
- Second floor office with two tenancies in popular East Adelaide precinct
- NLA of 404sqm*
- Fully leased providing a passing net rental of $163,654pa*.
- Tenants Advantage One & Save the Children on long term leases
- Fixed 3% and 4% increases respectively
- Long term income WALE of 5.62 years
- Further 5-year options on both leases
- Modern building further improved by surrounding amenity
- Shared foyer and bathroom facilities situated on Level 2
- 4 car parks all leased by tenants
For Sale via Private Treaty - $2,450,000
RLA208125 *Approx.
Less Sizes and Measurements
Floor Area
404m² (approx)Pricing Information
For sale
$2,450,000
- MC
Mitch Curnow
- NL
Ned Looker
Photos
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- Level 2, 276 Flinders Street, ADELAIDE, SA 5000
