FOR SALE
Expected Price in excess of $400,000

16 Young Street
Port Augusta SA 5700

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 149m2
Land area: 405m2
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EXCEPTIONAL INVESTMENT: QUALITY FULLY LEASED MEDICAL CENTRE IN PREMIER SA REGIONAL HUB

FOR SALE BY EXPRESSION OF INTEREST CLOSING 4PM MONDAY 17TH JUNE 2024 (UNLESS SOLD PRIOR)
The property comprises medical facility currently fully leased with a net passing rental of approximately $40,838.44 plus GST. The lessee pays outgoings of approximately $5652 per annum which includes Council Rates SA Water Rates, Emergency Services Levy and Building Insurance.
The current lease expires 30 November 2024 with 4 further rights of renewal each of 2 years. The lessee has agreed to take up their renewal meaning the current term will expire 30th November 2026 (with three remaining options each of two years though to 2032)
The property comprises reception/waiting area, 6 main rooms, comms/filing room, separate male and female amenities, staff room with kitchen. Parking is provided at the front of the property.
The property is within the Port Augusta City Council Suburban Activity Centre Zone.
Port Augusta is located 310 km north of Adelaide. It is known as the Crossroads because the Stuart Highway to the north heads to Alice Springs and Darwin. The Eyre Highway to the west heads to the Nullarbor and the Eyre Peninsula and the Princes Highway to the south heads to Adelaide. It is renowned as the gateway to the Australian outback and shadowed by the renowned Flinders Ranges. The town is a thriving central commerce area with RFDS base, many tourism and agricultural amenities and a solid population base.
Please enquire through this web site and you will automatically receive the Information Memorandum and Lease details.
This property represents a fantastic opportunity to acquire exceptional commercial property at an affordable entry price.
AGENT IN CONJUNCTION
Raine & Horne Pt Augusta
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Property Details for 16 Young St, Port Augusta

Building Type
Commercial
Floor Size
149m2
Land Size
405m2

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About Port Augusta 5700

The size of Port Augusta is approximately 20.5 square kilometres. It has 47 parks covering nearly 9.2% of total area. The population of Port Augusta in 2011 was 7,334 people. By 2016 the population was 6,568 showing a population decline of 10.4% in the area during that time. The predominant age group in Port Augusta is 50-59 years. Households in Port Augusta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Augusta work in a community and personal service occupation. In 2011, 57.3% of the homes in Port Augusta were owner-occupied compared with 54.7% in 2016.

Port Augusta has 4,113 properties. Over the last 5 years, Houses in Port Augusta have seen a 68.58% increase in median value, while Units have seen a 26.59% increase. As at 31 August 2024:

  • The median value for Houses in Port Augusta is $221,675 while the median value for Units is $161,735.
  • Houses have a median rent of $320 while Units have a median rent of $265.
There are currently 56 properties listed for sale, and 13 properties listed for rent in Port augusta on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Port augusta.

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David Ente
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Raine & Horne Commercial SA
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