SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

As New Medical Centre, Constructed 2019

18-20 Sturt Street, Mount Gambier SA

Property Highlights

'Essential Service' Investment
Secure 10, 5 & 3 Year Leases
Substantial Taxation Depreciation
Register to Bid

Description

+ Stamp Duty Free Investment
+ Secure 10, 5 & 3 year leases with options
+ Diverse income stream includes cardiology, obstetrics, pathology & plastic surgery
+ Annual rent reviews
+ Position perfect CBD location opposite Mt Gambier Council Chambers and new $35M shopping centre anchored by Coles / ALDI & nearby Woolworths, Dan Murphy’s, Spotlight etc
+ 1,742sqm corner site with dual 74 metre frontage
+ Important 33 on-site car spaces
+ Striking 505sqm facility including new and fully renovated buildings with significant depreciation benefits
+ Mt Gambier: South Australia’s second largest urban city, population of 27,000
+ Net Income $186,129 pa approx. (July 2021)

Auction Wednesday 31 March 2021 10.30am (AEDT)
River Room, Crown Casino, Melbourne

Co Agent: Herbert Commercial
David Herbert
08 8725 0500
commercial@herbertcommercial.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre
Land Size
1,742 SQM
Building Area
505 SQM

Contact Me