Lot 396 Gardiner Street, GOOLWA SA 5214
$700,000 - $750,000 plus GST
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- 5 Aug 2016
Outstanding Corner Industrial Site
The property is located on a very prominent corner location, on two Titles with an area of approximately 3,753 sqm, with a frontage to Gardiner Street of approximately 66 metres and approximately one kilometre west of the township of Goolwa.
The site comprises allotment 396 being 1,465 sqm (Volume 5454 Folio 977) and allotment 397 being 2,288 sqm (Volume 5330 Folio 176).
Improvements comprise of two sheds - one a workshop which has been previously used as office space (in need of renovation) measuring approximately 9 x 6 metres. There is a second much larger industrial shed, measuring 28 x 12 x 3.6 metres, complete with concrete floor, pit, 3 phase power and small corner office and wc.
There are two Telecommunications Towers on the property - one with a lease to Optus at $8,800 per annum and one to Telstra at $6,579 per annum, both with 4% annual increases.
The second tower is leased to Crown Castle for $3,404 per annum increasing by CPI annually - giving a total return of $18,863.
In 2015 the lease to Crown Castle will increase to $9,500 plus GST annually.
The opportunity exists to lease existing sheds and land or future development.
Without doubt one of the most prominent sites available in Goolwa.
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
Lot 396 Gardiner Street GOOLWA