31 Porter Street Port Lincoln SA 5606

Colliers is pleased to present the opportunity to purchase 31 Porter Street, Port Lincoln. Occupied by the Australian Postal Corporation on a new 5 + 5 year lease commencing November 2022, this blue chip investment opportunity is securely leased to the Commonwealth of Australia. The property provides net income of $110,000p.a.* with fixed 3.00% annual rent reviews and all outgoings payable by the lessee. The asset will undergo extensive refurbishment by Australia Post for a new distribution centre, anticipated for completion in Q2 2023.

Located just 450m* from Port Lincoln's commercial precinct and across the road from Port Plaza Shopping Centre, the property is easily accessible to all the surrounding commercial, retail and leisure amenity that both Port Lincoln and the Eyre Peninsula have to offer.

31 Porter Street offers investors an exceptional investment opportunity underpinned by the strongest of covenants.

Key features include:
Secure 5+5 year lease to Australia Post commencing Nov 22
$110,000* net annual income
450m* to Port Lincoln commercial precinct
Upcoming refurbishment by Australia Post
Expansive site area of 2,344sqm*
Zero Stamp Duty

*approx.

For sale by National EOI closing 3:00pm (ACDT) Thursday 2 March 2023.

To arrange an inspection or for more information please contact Colliers as the exclusive selling agents.