Whole Site, 296-296A The Parade, Kensington, SA 5068

Positioned along one of Adelaide’s premier eastern suburb main roads, 296–296A The Parade, Kensington presents a rare mixed-use investment and lifestyle opportunity, combining a high-exposure commercial/retail tenancy with a well-appointed residential component. Offering diversified income potential and flexible future use options, the property benefits from its location within the vibrant Kensington and Norwood precinct, surrounded by established retailers, cafés and strong local amenity.

The property is offered flexibly by Private Treaty, with the existing income stated below, however vacant possession of the commercial premises can be negotiated.

Key features are as follows:
Tenancies: Commercial (2) and Residential (1)
Tenants: Karl Chehade Dry Cleaning & private residential tenant
Land Area: 611sqm*
Lettable Area: 257sqm* combined 
Residential Income: $36,400pa* gross
Commercial Income: $62,216pa* plus GST & portion outgoings 
Vacancy (1st Floor): 68sqm 
Frontage: 50m to The Parade, 39m to Regent St
Tenure: Existing lease to KC Dry Cleaning, vacant possession negotiable
Zoning: Established Neighbourhood

For Sale via Private Treaty - $2,200,000 - $2,300,000.

* = approx