Paul Segneri from Malseeds is please to present this outstanding commercial investment opportunity that should not be missed.
Situated in a prime position on Mount Gambier's busy Commercial Street, the offering is two separate tenancies both with long term tenants and both wanting to renew. (The current tenancies are contracted until June 2026 with a total annual income of $63,627.94 plus GST + outgoings.)
The first tenancy located on the ground level is leased by Collins Booksellers. This is approx. 176 sqm with a large retail shopfront with multiple storage areas, a staff kitchen and male and female toilets. Currently leased for $43,267.98 p.a. plus GST + Outgoings.
The second tenancy which incorporates the second level is leased by Kahma Coffee & Donuts. This was once the Funk Lounge and occupies approx. 97.2 sqm with a large open space which could be used for a dining area or dance floor. There is a bar area, commercial kitchen and male and female toilets. The current tenant has turned the ground level stairwell into a Coffee window at street level now servicing the vibrant morning coffee clientele. Currently leased for $20,359.96 p.a. plus GST + Outgoings.
The overall property sits on approx. 422 sqm with street frontage and rear parking for the tenants.
To organise you personal inspection, call Paul on 0407 715 173.
Particulars:
CT: Title Volume: 5108 Title Folio: 539
Zoning: Commercial
Council: City of Mount Gambier
Council Rates: Paid by tenant - TBA p.q
Current rental is $5302.32 per month + GST + Outgoings
Sewerage Supply: Approximately TBA p/q
Water Supply: Approximately TBA p/q
