This is an exceptional opportunity for investors seeking a secure, long-term asset with a strong tenant and future development potential. Located in a high-exposure, town-centre position, this 1,226 sqm corner site presents both immediate income and significant future upside.
Leased to Lardner Bros, a well-established local business with a diverse offering including locksmithing, firearms, cycles, security services, and trophies, this property has been occupied by the same tenant since 1999-a testament to its prime location and suitability. A new three-year lease commenced on the 1st January 2025, with an additional five-year option, ensuring rental stability well into the future. The property currently returns $28,616.40 per annum, offering reliable income from day one.
Positioned directly opposite a Woolworths-anchored shopping centre and just off Barkly Street, the property benefits from excellent visibility and accessibility. It is surrounded by a vibrant mix of retail and commercial businesses in the heart of the town's commercial precinct, and enjoys exposure to a large local catchment of over 11,000 residents.
The land itself is regular in shape with exceptionally wide frontages, providing excellent redevelopment flexibility. The substantial 547 sqm brick building on-site is thoughtfully laid out, comprising a front-of-house showroom and a spacious back-of-house area, perfect for storage or workshop use, with roller door access from the rear. The design is functional and efficient, easily adaptable to a range of uses in the future.
For the savvy investor, this property offers the best of both worlds: dependable income from a long-term tenant, and the potential to unlock greater value down the track through redevelopment or further uplift. Whether you're looking to collect rent from a solid, established tenant or landbank a strategic corner site in a tightly held commercial precinct, this property is not to be overlooked.
