71 Princes Highway comprises a renovated office building (formally Bank SA) and detached residence. The property is being offered by Expression of Interest.
The office building contains a large open plan office space of 73sqm with full width front counter and built-in cupboard and drawer space. Complimenting the main area are two private offices and walk in vault. Staff amenities include kitchen, storeroom and separate male and female toilets
The detached residence is a double brick, 3 bedroom home with large lounge and open plan kitchen and meals area. The family residence has a generous front and rear yard and separate access via a gated driveway. Improvements include ducted climate control and new flooring to kitchen and meals.
The office space is currently tenanted with an option to renew on a 3+3 basis. The residence is residentially tenanted until January 2023. The combined leases currently return a generous 7.54%.
The property may be subject to a stamp duty exemption due to the commercial land use codes attached to it.
To take advantage of this exciting opportunity, please contact the Agent Adam Hurle for an Information Memorandum or more information.
Zone: Town Activity Centre
Land: 1,380sqm
Council: Coorong District Council
Rates: $3,378 per annum
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Disclaimer
Whilst every precaution has been taken to ensure that the information contained herein is true and accurate, we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein and do their own research
