47 Lansdowne Terrace, Vale Park, SA 5081

Situated on a prime corner minutes from Walkerville shopping precinct, this character premises has been held by the same owners for some 44 years. Currently leased to a well established catering business (circa 2010), the property is currently leased at a net passing rental of $35,646.60 per annum. The tenant pays outgoings (council rates, emergency services levy, SA water rates, building insurance) and bi-annual servicing of the grease trap. The premises predominantly used for external catering plus retail sales on selected days. The location is exceptional and the business model dovetails perfectly with the local community. vale Park sits adjacent Walkerville and a short walk to linear park and the Torrens River and minutes to the CBD and North Adelaide. This is an exceptional investment opportunity and one to seriously consider. *All Areas/dimensions are approximate RLA 205496