Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2005
Lot Size sqm.

Property Description

JLL is pleased to present for sale Unit 1, 33-41 Magill Road, Stepney, SA – a fantastic inner eastern investment with a five-year lease to an established business. Situated 2km east of the Adelaide CBD in a fantastic location fronting Magill Road, this property is a highly sought-after commercial precinct surrounded by some of Adelaide’s most desirable suburbs and accommodates valuable secure on-site car parking for staff and customers.


The 5-year lease term to Datacord SA underpins this offering, and combined with its tightly held eastern suburbs location, provides a solid investment opportunity.


Unit 1, 33-41 Magill Road, Stepney is offered for sale by Private Treaty.


Please contact exclusive selling agents JLL to arrange an inspection or for further information. 

RLA 1842


Investment Highlights

·        5-year lease term with the Lessee responsible for all outgoings (excluding land tax)

·        Modern refurbished showroom, office and warehouse space efficiently laid out 

·        Leased to Datacord SA - a business with over 25 years’ experience in South Australia

·        Current rent $213,000* per annum plus GST and outgoings

·        The flexible layout provides plenty of opportunity in the longer term to reposition the property including glazing of the facade to attract higher value users such as retail or medical consulting


Jed Harley
Director, Sales & Investments - SA
Tom Bailey
Sales Executive

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