Knight Frank is excited to bring to market 345 Main North Road, Enfield offered for sale via Auction onsite on Thursday 29 August 2024 at 11:00am.
345 Main North presents developers, owner occupier and investors an outstanding opportunity to acquire a tightly held main road property positioned ready to capitalise on Adelaide’s growing population and prime inner metropolitan location which continues to gentrify.
Key investment highlights as follows:
-Functional office/showroom/workshop improvements of 570 sqm
-Prime main road corner site of 1,425 sqm* with exposure to 46,000* vehicles daily
-Primary frontage of 26.37 metres* plus corner cut-off of 6.02* metres to Main North Road and secondary frontage to Clarice Avenue of 42.88* metres
-Site well suited to childcare, showroom & fast-food development (STCC)
-Leased to Tiger Tyres Enterprises Pty on a periodic monthly tenancy basis
-Estimated net income of $38,040* per annum net + GST ($68.5/sqm* p.a. net + GST of building area) – well below current market parameters
-No stamp duty on commercial transactions in SA
Located just eight kilometres from the Adelaide CBD Main North Road is the main arterial road which carries traffic to and from Adelaide CBD from South Australia’s northern suburbs.
The site neighbours Enfield Primary School and is surrounded by a mix of commercial property along Main North Road including automotive display yards, showrooms and food and beverage take away shops, with predominately residential positioned off the main road.
The site suits future showroom or fast-food development (subject to relevant approvals). Enfield also has a supply/demand childcare demand ratio of 6.8 (children 0-5 years old / licenced childcare places, Gapmaps 2024), and would be well suited to future childcare development (subject to relevant planning approvals), given its proximity to several schools and main road corner positioning.
Improved with functional office/showroom (120 square metres*) improvements and three separate evaporative air-conditioned workshops (450 square metres*). Total building area of approximately 570 square metres.
The improvements cover approximately 40% of the site with the remainder comprising a combination of bitumen and gravel sealed yard.
Knight Frank has no hesitation in recommending this superb investment for your utmost consideration.
345 Main North Road, Enfield is offered for genuine sale via public Auction onsite Thursday 29 August 2024 at 11:00am.
A copy of the Contract of Sale and Form 1 are available from the agents upon request.
Inspections are strictly by appointment, so please reach out the exclusive selling agents to arrange a time that suits you.
*Approximately
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