51 Torrens Street, VICTOR HARBOR SA 5211
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- Medical / Consulting, Offices
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- On site parking available
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- 16 Oct 2016
* SOLD BY VENTURE COMMERCIAL *
Period style office premises with excellent street appeal and a bold professional image, located in a convenient position within a busy commercial precinct. The villa style building features attractive stone walls with a bullnose verandah across the front elevation and wrapping around each side.
Internally, the main part of the building provides well-presented accommodation arranged as 7 main office rooms accessed off a central hallway. Some of the rooms inter-connect and additionally, two of the offices have their own external doorways, creating an excellent degree of flexibility for use. All main rooms have carpeted floor coverings and are well lit. The property copes well in the summer heat thanks to thick walls and high ceilings but to further assist with temperature extremes, some rooms are equipped with window mounted A/C units.
On the back of the main building is a lean-to structure providing rear entry, kitchen, disabled access WC, plus storage space. It is likely that at some stage a new owner will wish to consider upgrade works for this section of the building or perhaps remove it in order to make way for a larger extension, subject to council consents.
The car parking area is accessed from the rear of the site, via Torrens Lane. The surface is unsealed but provides ample space. Plenty of street parking is available close-by for clients’ convenience.
Also included within the grounds is a holiday unit structure providing approximately 40 sqm of internal living space plus additional under-cover verandah areas.
Neighbouring occupiers include Quick Fix computers, Jobs Statewide, Chiropractic Centre, JaDs Hairdressers, SA Ambulance Service, and Torrens House - a private practice clinic providing a range of allied health services.
Main Building: 153.7 sq.m
Holiday unit: 40.0 sq.m
Site Area: 836 sq.m
In recent times the property has been part owner-occupied with excess areas tenanted out on a periodic agreements. Current gross income is in the order of $46,800 pa. There is an immediate opportunity for a new owner to formalise the existing tenancy arrangements, lease out further space and maximise the investment return. Alternatively, if required, vacant possession can be provided in time for settlement.
In the longer term, the premises have excellent opportunity for extension or further development. The current owner has approvals for redevelopment of the rear of the site to provide a new holiday accommodation building, plus a formal car park for 9 vehicles. Plans are available for inspection by interested parties.
The property is offered for sale at $595,000 (excluding any GST applicable at the time of sale). For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Harry Sanders 0431 057 346
Nigel Grivell 0414 257 999
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
51 Torrens Street VICTOR HARBOR