FOR SALE - SECURE LEASE INCOME For Sale

107-109 COMMERCIAL STREET EAST, Mount Gambier
EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 16TH FEBRUARY 2022 (UNLESS SOLD PRIOR)
Retail
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EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 16TH FEBRUARY 2022 (UNLESS SOLD PRIOR)

  • Floor Area 394 Square metres

Description

Versatile CBD freehold opportunity with long term tenants
- Income of $41,375.12 pa + GST, secure 5 + 5 year net lease expiring 14th Jan 2025
- Fixed 3% increases, tenants pay usual outgoings as per leases
- Approx. 910sqm land area with 20+ metre frontage and onsite parking
- Approx. 400sqm commercial building plus stone cottage at rear, formerly offices
- Untenanted stone building allows potential additional lease income, works required to meet minimum standards for occupancy

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Floorplans

Floor Plan 1

Floor Plan 2

Location

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