LEASED COMMERCIAL INVESTMENT
Professional premises in convenient and popular location, opposite Mount Barker Village Shopping Centre and close to Dan Murphys. The character-filled building dates back to c.1880 and has accommodated commercial operators in recent years. Currently leased as office space to a disability services and support organisation, Access 4 U. Previously the premises operated for a number of years as beauty treatment / consulting rooms.
The building is beautifully presented and maintained with outstanding street appeal and charm. Heating and cooling is via wall mounted split system units.
A side driveway and small asphalted yard area at the rear can accommodate parking for two or three vehicles. Additionally there is parking at the front on Hutchinson Street.
Internal floor area approx. 81.1 sqm.
Total site area approx. 385 sqm.
Zoned Urban Activity Centre refer to SA Planning & Design Code for further details.
Torrens titled.
Other nearby occupiers in this precinct include Lock Around The Clock Locksmiths, Ask The Body Kinesiology, Adelaide Hills Acupuncture, Rebecca Jade Aesthetics Beauty Spa, and Just Pawfect Dog Groomers.
The property has been fully leased to the Torrens Foundation Limited, trading as Access 4 U, since 01-May-22. The current term expires 30-Apr-25, and the tenant has the option to renew for 3 years from 01-May-25 (decision expected by end of November 2024). The current net rent is $31,800 pa + GST and will adjust to market level should the tenant opt to review on 01-May-25. The rent is then to be reviewed annually in line with 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).
Offered FOR SALE with the lease in place providing investment income.
No GST as the sale is treated as a going concern.
No Stamp Duty exempt on commercial property in SA.
This character property presents a rare opportunity to enter the Mount Barker commercial property market at achievable level.
For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346
