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27 Commercial Street East, MOUNT GAMBIER, SA, 5290

+12 Photos

+14 Photos

SOLD

27 Commercial Street East, MOUNT GAMBIER, SA, 5290

Properties / Sold / South Australia / Mount Gambier

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

530 m² (*approx)

Floor Area

260 m² (*approx)

Property Type

Offices, Retail, Child/Healthcare

Terms

3 year lease to March 2023 plus options through to 2029

Fully Leased

Federal Government

Show All

2. Property Highlights

Secure Federal Government Lease - Central CBD Location

Ministers Office for Seat of Barker
Tony Pasin: sitting Member since 2013
Tenant pays all usual outgoings

+ Federal Ministers office for the Seat of Barker Mr Tony Pasin, sitting local member since 2013

+ Secure 3 year Federal Government lease to March 2023 plus options through to 2029

+ Net leases, with Government paying usual outgoings as per lease

+ Annual rent reviews

+ Solid 260sqm* building over two levels with impressive modern office fit-out

+ Central 530sqm* CBD site with triple frontage including walkway on East side

+ Important 6 onsite car spaces

+ Prime CBD position amongst many national retailers and local Council Chambers

+ Mount Gambier: home to the famous ‘Blue Lake’ and gateway for the tourism region known as The Limestone Coast generating circa $100 million for the local economy

+ Mount Gambier: major commercial centre and South Australia’s second largest urban city, population circa 30,000

+ Rent $53,000pa

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 23 February 2022

Crown Casino, Melbourne.

RLA 293472

In conjunction with

Herbert Commercial

David Herbert 0408 849 080

08 8725 0500

commercial@herbertcommercial.com.au

Remember to mention you found this property on CommercialReady.com.au