10/19 North Terrace
Hackney, SA 5069

This property offers a unique investment opportunity on the entire sixth floor of a prestigious building located at Level 6, 19 North Terrace, Hackney. The office space spans 336 square meters and is currently tenanted, providing a secure income stream with a net annual return of $70,909.32. The lease is held by a longstanding tenant on a three-year term with options extending to 2035, including three rights of renewal, each for an additional three years. The lease includes annual rent reviews at 3.00% and all outgoings are payable by the lessee, ensuring a stable and predictable investment.

The office is currently utilized as a dental workshop and features a large open plan layout with a reception area, multiple private offices, and a kitchenette. The space benefits from medical-grade specifications, making it suitable for specialized professional use. The property boasts panoramic views overlooking Adelaide's Botanic Gardens, the Adelaide Hills, and surrounding city parklands, enhancing the working environment with natural vistas.

Situated just 550 meters from the city center, the location offers excellent accessibility and proximity to key landmarks such as the National Wine Centre and the vibrant East End district of Adelaide. This prime position within the inner eastern city fringe makes it highly attractive for tenants and investors alike.

Additionally, the property includes three designated car parking spaces, a valuable amenity in this central location. The combination of a secure lease, quality office accommodation, and an exceptional location makes this an appealing investment for purchasers seeking a tenanted commercial property with growth potential.

The vendors have acquired another property, and this asset is now offered to the market by Expressions of Interest. Interested parties are encouraged to act promptly to secure this rare opportunity in a sought-after area close to the city center.