1/2 Glen Osmond Road
Parkside, SA 5063

Overview

3 Offices. Zoned Commercial. Community Title.

This unique commercial property located at 1/2 Glen Osmond Road, Parkside, offers a rare opportunity for small business owners, investors, or those seeking a versatile work-from-home environment. Constructed in 2004, this ground floor unit features three separate offices or bedrooms, making it adaptable for various uses including professional business premises or a residential home unit.

The property is community titled and zoned commercial, distinguishing it from the other units in the group which are zoned residential. It has been successfully used as professional office space, including a reception and waiting area, and fronts the prominent Glen Osmond Road.

For those looking to work from home, this property provides an excellent solution by eliminating the need to rent or purchase separate office spaces. It has also been rented previously as a three-bedroom home unit, demonstrating its flexibility.

Conveniently located close to public transport, shopping centers, the South Parklands, restaurants, and the city, this property offers excellent accessibility. The kitchenette is equipped with power and water but does not include cooking facilities.

The unit includes a well-appointed bathroom and is equipped with ducted reverse-cycle air-conditioning as well as a split system, ensuring comfort year-round. Neutral colors throughout the interior create a welcoming and professional atmosphere. The layout maximizes space and natural light, enhancing the overall environment.

Parking is available onsite with three open parking spaces, providing easy access for both occupants and clients.

The property is offered with a price guide of $590,000 to $630,000, presenting an attractive opportunity for a diverse range of buyers including investors seeking to expand their portfolio. Commercial rental assessment is approximately $400 per square meter, equating to around $30,000 net per annum plus outgoings. When rented as a residence, it has generated approximately $28,000 per annum, with improvements made since.

Additional features include high-speed NBN FTTP internet access, excellent security, and community title benefits. The property is located within the City of Unley council area, with council rates of $1,906.95 per annum, SA Water rates of $705.20 per annum, and ESL of $496.75 per annum. Community rates, which include building insurance, are $1,042.78 per quarter for administration and $461.99 per quarter for the sinking fund, with funds currently in credit of approximately $95,000.

This versatile unit in a sought-after location offers a compelling proposition for buyers seeking flexibility, convenience, and a strong investment potential. Interested parties are encouraged to conduct their own investigations to verify all information provided.

Location