Positioned in a prominent position in the heart of McLaren Vale is this fully leased commercial property. Comprising of 947sqm (approx) of land area, and 240sqm of lettable building area, this property is currently generating net rental income of $51,388 per annum.
The primary building comprises of approximately 140sqm of building area and is leased to a long term tenant, financial services company Barrel Finance & Logistics, who has occupied the building since 2012. Their current 3 year lease term expires on the 30th of June 2027, with an additional right of renewal for a further 3 years.
The secondary tenant operates a coffee roasting business and occupies the larger of the two sheds on the property. Their current lease expires June 30th 2027, with a right to renew for an additional 3 years. The remaining shed at the rear of the property is currently leased on an informal basis for storage purposes only.
Opportunities to secure commercial property of this type in the McLaren Vale district are quite rare, contact the agent Corey Michelmore to discuss your interest!
Property ID: #L38967328
