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Sold on 21 May 2021

15 & 17 King Street Port Lincoln SA 5606

  • Hotel, Motel, Pub & Leisure
  • 379 m²
  • Sold, $2,700,000

Land of Opportunity

    Absolute premier waterfront position ideal investment or development site opportunity like no other!

    For sale via Auction Friday 21st May 2021 at 11am onsite at 15 King Street.
    (PLEASE NOTE AUCTION DATE HAS BEEN UPDATED)

    Overlooking the beautiful harbour of Boston Bay, the scope of this premier location is not one to miss! Possibly the last beachfront opportunity in Port Lincoln?
    Both tenanted properties, set on a highly exposed site both in vehicle and foot traffic, neighbouring the newly redeveloped Boston Hotel and walking distance to Port Lincoln Yacht Club, Hilton Motel and other facilities within this thriving regional city.
    Improved with two standalone buildings, 15 King Street is currently tenanted on a residential lease whilst 17 King Street is currently tenanted to Department of Home Affairs. The property not only offers investors a secure and diverse income streams but includes massive development upside.

    The Property offers:
    - Total land size of 5,280m2*
    - Combined building area of 379m2*
    - Zoned Suburban Main Street (Maximum building height is 7 levels)
    - Combined 65 metre* street frontage
    - Will be sold in "one line" or individually

    Situated on South Australia's Eyre Peninsula, Port Lincoln is home of the largest fishing fleet in the Southern Hemisphere with Blue Fin Tuna, Lobster, Oysters, Muscles, Abalone and Scale Fish all fished from this booming regional city.
    Serviced daily by Regional Express and Qantas, Port Lincoln is 35 minute flight time from Adelaide.

    *approximately.

    15 King Street
    Land 2260m2
    Building 186m2
    Year Built 1935
    Frontage (street) 32.2 m
    Rent $17,680.00 (GST not applicable) per annum

    17 King Street
    Land 3020m2
    Building 193m2
    Year Built 1925
    Frontage (street) 33.2 m
    Rent $36,436.80 (GST not applicable) per annum

    All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate & we accept no liability for any errors or omissions (including but not limited to a property's land size, approx outlines, floor plans, & size, building age & condition). Interested parties should make their own inquiries & obtain their own legal advice. For auction, the Vendor's Statement may be inspected at our office for 3 consecutive business days immediately preceding the auction & at the auction for 30 mins before

    AUCTION

    Auction date and time21/05/2021 11:00
    Auction location15 & 17 King Street, Port Lincoln SA
    Steve Kemp
    Kemp Real Estate
    Steve Kemp
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate

    Property Highlights

    Property ID2016927243
    Date Sold21 May 2021
    Sold Price$2,700,000
    Floor Area379 m²
    Land Area5,280 m²
    ParkingAsk Agent
    Category
    Last updated  21 May 2021
    Map for 15 & 17 King Street Port Lincoln SA 5606
    Map for 15 & 17 King Street Port Lincoln SA 560615 & 17 King  Street Port Lincoln SA 5606
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    • Purchase price

      $
      2,700,000

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Steve Kemp
    Kemp Real Estate
    Steve Kemp
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate

    Property Highlights

    Property ID2016927243
    Date Sold21 May 2021
    Sold Price$2,700,000
    Floor Area379 m²
    Land Area5,280 m²
    ParkingAsk Agent
    Category
    Last updated  21 May 2021
    Kemp Real Estate
    38 Liverpool Street Port Lincoln SA 5606
    Steve Kemp
    Kemp Real Estate
    Steve Kemp
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate
    Shane Merchant
    Kemp Real Estate

    Ask Steve Kemp about this property

    Steve Kemp

    Steve Kemp

    Kemp Real Estate

    Shane Merchant

    Shane Merchant

    Kemp Real Estate

    0418 *** ***
    0418 837 075

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