The Gabba Composite
AU - Woolloongabba, QLD
Asset Description
JLL as exclusive marketing agents, are pleased to offer for sale the Freehold Interest in The Osmond, 232 Glen Osmond Road, Fullarton, South Australia.
Securely leased to experienced local hospitality operator Dress Circle and situated on the high profile corner of Glen Osmond Road and Florence Street, the property is located in the affluent suburb of Fullarton, just 4km south-east of the Adelaide CBD. Occupying a generous land holding of 2,798* square metres, the recently upgraded facility comprises forty-nine rooms consisting of 1-2 bedroom apartments totalling a net GLA of 2,333* square metres with the entire property being refurbished in 2021.
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Attributes
Number of units
49 units
Building area Gross
2,333 m²
Year built
2000
Occupancy
100.00%
Media
Investment Highlights
Investment Highlights include:
- Valuable long lease with annual reviews
- Experienced local hotel operator with over 20 years’ experience
- High profile location with enormous main road exposure
- Recently refurbished building providing attractive depreciation benefits
- Long term lease with 13.7 year WALE
- Huge stamp duty savings
The property is being offered for sale by an Expressions of Interest closing Wednesday 19 April 2023 at 1.30pm (ACST).
For further information, please contact the exclusive selling agents JLL.
RLA 1842
Contact brokers
232 Glen Osmond Road, Fullarton (0 Properties)
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Last updated
6 Apr 2023
