4/113 Gouger Street, Adelaide, SA 5000

Comprising a Strata Titled two-storey building, the property features a large beautifully renovated restaurant of approximately 295 sqm on the ground floor, with the added benefit of valuable rear access to Thomas Lane. The first floor comprises a well-presented showroom/office of approximately 165 sqm.

Tenancy Details:
• HIBIKI YAKINIKU JAPANESE BBQ Lease commenced: 1 June 2018 Term: 4 years + 5 years + 5 years Annual rent reviews: CPI + 1.0% 
• Net rental income $145,698.79

• CK JEWELLERY AND WATCHES Lease commenced: 1 April 2019 Term: 1 year + 3 years + 5 years Annual rent reviews: CPI
• Net rental income $25,268.40

Combined net rental income $170,967.19 Plus GST and the Outgoings

Positioned within Adelaide's premier dining and retail precinct, Gouger Street continues to experience strong demand and long-term growth, supported by the ongoing success of the Adelaide Central Market and the forthcoming Market Square redevelopment, which will deliver high-rise apartments, commercial offices, and quality retail accommodation. These significant developments are expected to further enhance the precinct's appeal and underpin the long-term investment prospects of 4/113 Gouger Street, Adelaide.

If you would like any further information or to view the property, please contact the agents to arrange an inspection.

Michael Kourbelis 0452 239 633
David Burford 0447 200 732

* All areas/dimensions approximate.

RLA 283100