Positioned in the thriving commercial heart of Mount Barker, 58 Gawler Street presents a versatile opportunity for investors and owner-occupiers alike.
Located along the town's prominent retail strip, this high-exposure property benefits from strong surrounding foot traffic and immediate proximity to essential services, national retailers, and popular hospitality venues. Mount Barker continues to experience rapid growth, underpinned by significant residential and infrastructure development, further strengthening its appeal as a commercial destination.
This substantial 1,026 sqm site with valuable dual street frontage* provides a compelling potential redevelopment opportunity (STCC). With favourable zoning and increasing demand for mixed-use and higher-density developments in the area, the property offers scope to unlock significant long-term value through redevelopment or repositioning.
The property is fully leased to established tenants, Harcourts Property and Elders Insurance, providing immediate income and a strong net return. The asset offers a potential rental return of approximately $120,000 per annum plus GST and outgoings, making it an attractive proposition for investors seeking reliable yield.
Tenancy 1 is currently on a periodic lease, offering flexibility for owner-occupiers or investors seeking to reposition. Tenancy 2 has a right of renewal in October 2026 for an additional three-year term, providing medium-term income security.
Key Features:
• Prominent High Street location within Mount Barker's core retail precinct
• Flexible opportunity to invest, occupy, or reposition
• Fully leased with secure holding income and attractive rental return
• Potential rental return of approx. $120,000 p.a. + GST & outgoings
• 1,026 sqm* site with valuable dual street frontage
• 265 sqm character building with strong street presence
• 11 on-site car parks for tenant and customer convenience
• Favourable zoning allowing a range of commercial uses
The property is within easy walking distance to major retailers including Woolworths, Coles, and Kmart, as well as public transport links and key local amenities.
Mount Barker is one of South Australia's fastest-growing regions, with major residential projects such as Bluestone, Aston Hills, and Newenham continuing to drive population growth and economic activity.
This is a rare opportunity to secure a well-located commercial asset in a high-growth corridor with both income security and future upside.
Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, neither the agent nor vendor guarantee this information. We accept no liability for any errors or omissions. All interested parties should conduct their own due diligence and seek independent advice.
