Prime Location with Income Stream

Located in the commercial growth area of the City of Victor Harbor, this significant site of some 1983m² has a commanding road frontage of some 30m.

In recent years the Adelaide Road precinct of the City of Victor Harbor has undergone a breathtaking transformation for a vast array of large commercial enterprises. The volume of traffic that passes 10 Adelaide Road, and the major increase in adjacent residential land use ensure this address has excellent future development potential (subject to consents).

The Gateway location has become the preferred address for a new school, holiday accommodation expansion at McCracken Golf Course, and retail enterprises requiring larger sites and parking to serve the needs of the Southern Fleurieu Peninsula of South Australia.

Currently the showrooms are leased to established local businesses with leases until 2025 and a secure cash flow paid monthly in advance, totalling $65,189 pa including GST.

Adjacent are major national enterprises including Coles, Bunnings, On the Run, Repco and other new developments currently under construction.

The existing showroom improvements include 2 home improvement businesses who share the retail frontage, plus storage space behind.

Two additional workshop buildings are located at the rear and a Telstra tower with rear access by a right of way to Mentone Road.

With a site area of some 1983m² and leased showrooms of some 380m² approx the Employment/Gateway zoned positions offer a rare opportunity to secure a future redevelopment site of generous proportions with the security of leasehold income until November 2025. Current net annual income of $58,670 pa plus outgoings.

For sale by Expressions of Interest (date to be advised)