57 & 57A Semaphore Road, Semaphore, SA 5019

An unbelievable opportunity to own this generational asset!

Prominently positioned on the intersection of Military and Semaphore Road with around 14,000 vehicles passing daily. A high exposure corner site of over 870m2 with 3 street frontages. Offering this character, turn of the century, imposing building as a fully leased generational asset returning around $130k per annum and offers scope to improve. Currently disposed as 2 generous retail shops with a gross lettable area of around 440m2, off street parking for 10 vehicles and 2 residential apartments, 1 with a private yard.

A genuine offering to secure this blue chip beachside asset.

Key Features:

High profile corner position with 3 street frontages
400m to the sands of Semaphore Beach
Leased to long standing reputable tenants
Scope to improve income
Development potential ( subject to all necessary consents)
The 2 individual apartments offer generous room sizes, high ceilings and separate private access
A myriad of off street parking with the ability to create more
GST will not apply

A unique opportunity with so many possibilities. Invest for your future today!



*If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. Harcourts Smith (Kate Eliza Real Estate Pty Ltd) does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

*Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon.

*The vendor's statement may be inspected at 77 Semaphore Road, Semaphore for 3 consecutive business days immediately preceding the auction; and at the auction; for 30 minutes before it starts.

RLA 242793 Property ID: #SHH8835