370-384 Sturt Road
Tonsley, SA 5042

Overview

Income Today, Upside Tomorrow

This commercial property at 370-384 Sturt Road, Tonsley, presents a unique investment opportunity combining a retail strip shop with a development-ready landholding at the rear. The site is strategically positioned within a rapidly growing southern corridor, benefiting from significant infrastructure investments and increasing residential density in the surrounding area.

The retail strip comprises eight tenancies, offering a diversified and resilient income stream supported by seven tenants. The total building area is approximately 435 square meters, while the land size spans an expansive 1,658 square meters, featuring dual street access and flexible development potential.

The property is zoned as a Suburban Activity Centre, allowing for mixed-use development up to four levels, subject to council consent. This zoning supports a variety of future development possibilities, making the site attractive for strategic buyers looking to capitalize on the area's growth.

Located with prominent frontage to Sturt Road, the property enjoys exposure to over 26,000 vehicles daily, enhancing its commercial appeal. Additionally, it is well positioned to benefit from the Torrens to Darlington infrastructure upgrade, further increasing its accessibility and value.

Key investment highlights include:

• Expansive 1,658 square meter site with dual street access and flexible development potential
• 435 square meters of improvements across eight fully leased tenancies
• Diversified and resilient income stream supported by seven tenants
• Suburban Activity Centre zoning supporting mixed-use development up to four levels (subject to council consent)
• Prominent frontage to Sturt Road with exposure to over 26,000 vehicles daily
• Positioned to benefit from the Torrens to Darlington infrastructure upgrade
• Estimated net income of $117,888 per annum plus GST
• No Stamp Duty or GST payable

The property is offered to market by public auction, scheduled to be held on-site on Friday, the 8th of May at 11am. This presents an excellent opportunity for investors and developers to acquire a dual-use site in a thriving commercial precinct with strong future growth prospects.

Proximity to key infrastructure such as Flinders University and Flinders Medical Centre further enhances the property's appeal, making it a valuable asset within the Tonsley area.

Overall, 370-384 Sturt Road, Tonsley, represents a compelling investment with immediate income and significant upside potential through future development opportunities.

Location