89 Mortlock Terrace Port Lincoln SA 5606

An outstanding opportunity for savvy investors-this securely leased commercial property on bustling Mortlock Terrace offers a reliable income stream with a long-term tenant in place.

Key Features:
- Secure Tenant in Place Fully Leased
- Seven adaptable office/consulting rooms, currently configured for medical use
- Welcoming reception and waiting area
- Staff and customer amenities
- Kitchenette for added convenience
- Ducted air conditioning for year-round comfort
- Built-in storage throughout
- Security system for peace of mind

Set on an 809m² site, this property boasts highly sought-after on-site parking, secure low-maintenance grounds, motion-activated security gates, and prominent directory signage at the street front-ensuring excellent visibility.

Lease and Rental Details:
- Rent Per Annum: $55,000 + GST
- Outgoings: Council Rates, Water, ESL, Land Tax, and Building Insurance included in rent
- Lease Term: 5 years (Lease Start: 1/12/2024 Lease End: 30/11/2029)
- Options: One (1) Right of Renewal of Five (5) Years
- Rent Increases:
Fixed 3% increase annually during the initial term (1st December 2025, 2026, 2027 & 2028)

Zoned Employment, this asset is well-positioned in Port Lincoln's thriving commercial district, surrounded by established businesses and offering strong tenant demand.

Contact Steve Kemp or Georgie Kemp today for further details on this exceptional investment opportunity.

*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, boundary overlays, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.*