The site comprises the two freehold titles divided by a sealed bitumen road (which access rear tenancies), with extensive shedding on each title, with the Tenancies facing Hill Street having showroom/office space.
All shedding is of galvanised iron construction, with concrete floors and power connected.
Net rental of $64,920 per annum plus GST and outgoings.
The property is extremely well managed and maintained and presents to a high standard. Tenants are in the main, very long term and have enjoyed a very strong relationship with the Landlord.
The strength of tenure goes to underpin the value of this investment. The combination of having a prime location, excellent management, quality Tenants, housed within an "in demand" facility, make this a very hard to beat investment opportunity.
Information Memorandum available on request.
Form 1 and Section 7 statements will be on display 3 business days prior to Auction at the office of Harcourts South Coast, 138 Hindmarsh Road, Victor Harbor and on site 30 minutes prior to the Auction.