Own an Iconic Piece of Naracoorte Commercial History
Offered for sale is an iconic historic bank in the prime regional location of Naracoorte. This stunning well maintained character building sits proudly on the prominent central corner of Smith Street and Ormerod Street, built for the National Australia Bank it opened for business in 1867.
This historic branch is the epicentre of agricultural business finance, Naracoorte has historically been a service centre for the sheep, cattle and wheat farming industry and is home to South Australia's largest regional livestock exchange and global protein food processing plant AHM.
In recent decades tourism has become a major industry due to the town's proximity to popular wine regions and internationally recognised natural features such as the world heritage Naracoorte Caves, further concreting the economic security of the region and its attractiveness for secure investment.
The building remains leased to National Australia Bank with attractive ongoing lease conditions and solid indications of desire to remain in occupation of the building for continued future use with options until 2033 secured.
Beautiful stone bank investment constructed 1867 featuring:
- Current Lease Term until 13 January 2027, $141,031.00 including GST;
- 2 x 3 years Rights of Renewal to 14 January 2033, annual fixed increases 4%;
- Strategic location sprawling over corner of prominent CBD feature roundabout;
- Modern banking chamber plus offices and staff amenities, downstairs with offices, boardroom upstairs;
- Corporate fit out specifications featuring security and building management system;
- Prime site with onsite hardstand off street car parks at rear;
- Building internal area of approximately 544 square metres with multiple access points;
- Manicured grounds with land area approximately 836 square meters;
- External of building refurbed in 2018 with new air-conditioning throughout;
- Located in the very strong regional agricultural township of Naracoorte; the bank services customers from the central Limestone Coast to Western Victoria.
- Zero stamp duty on sale of commercial property in South Australia.
Inspection is a must and can be arranged via Complete Commercial.
