45 Maude Street Encounter Bay SA 5211

The opportunity exists to acquire an established Commercial operation, located in one of the South Coasts most popular holiday destinations and rapidly growing regions. Maude Street is a well-established Light Industrial precinct, found adjacent to the Victor Harbor Township - the regional centre of the Southern Fleurieu Peninsula.

The storage complex is built on a large 2,538m2 (approx.) allotment with easy access to Maude Street, with ample on-site parking available, making it easily accessible for those seeking a storage facility in a convenient location.

The property comes with 48 undercover fully lock-up and secure storage units each unit with lock-up roller door - internal access to the facility is provided by a code access pad adding to the security of the facility. A lean-to on the side of the shed provides an air-conditioned office, bathroom and lunchroom.

Other features include CCTV for added security, a 22 KW solar system and LED lighting throughout the storage area.
This is a long established storage complex being sold as a going concern with no GST or Stamp Duty payable. A rare income producing opportunity showing a yield of approximately 8%, based on current income, yet with potential for increased rental returns.

Of the 48 storage units, the current income is based on 40 units which are under lease, leaving a further 8 units available, thereby creating the opportunity for further growth. The site office and lunchroom could also be let if nor required by the new owner.

Due to the rapid growth experienced in the region, facilities like this are in high demand.