INSTANT RENTAL INCOME!
LEASED COMMERCIAL INVESTMENT
Professional office premises with on-site parking, positioned with convenience for central Mount Barker. Originally a residence, the building was cleverly converted to commercial use in 2008 and since then has proved a successful office base for professional business operators.
Total floor area is approximately 128.8 sqm.
Total site area is approximately 800 sqm.
A concrete pathway from Mann Street leads through the low maintenance garden to the front entrance door which opens directly into the smartly presented reception area. Here there is a built-in receptionists desk, plus a waiting area for clients. The remaining accommodation is arranged as five offices, two bathrooms, a kitchenette and file storage space. An internally-connected garage with a roller door for easy loading, provides an additional storage area with possible opportunity for conversion in the future (STCC).
The building ideally suits occupation by a single business, but also with the flexibility and potential for part sub-letting or sharing ie. by two or three professionals occupying their own secure rooms or suites, but sharing common areas.
Heating a cooling is via a ducted reverse cycle system.
The bitumen-sealed car park at the rear of the building is accessed off McLaren Street. It provides parking for approximately 5 vehicles (or more if double parked). Additionally there is easy street parking for clients directly in front of the property on Mann Street.
Nearby occupiers include Mount Barker Police Station, Chiropractic Life, Hills Community Options, Harcourts Real Estate and Elders Insurance.
The property has been fully leased to a single tenant, James Brown Memorial Trust Inc. trading as Kalyra Community Services, since 01-Apr-20. The current term expires 31-Mar-25, with a further option to renew thereafter of 3 years. The current net rent is $48,840 pa (excl GST), to be next reviewed on 01-Apr-24 by CPI (Adelaide All Groups). The Lease is structured to enable all standard Outgoings for the property to be on-charged to the tenant (ie. Council Rates, SA Water charges, Emergency Services Levy and Building Insurance premiums).
Zoned 'Suburban Main Street'
Mount Barker District Council
Torrens Titled
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
