Green Triangle Real Estate is pleased to present for sale 35 Gray Street, Mount Gambier.
An opportunity to purchase a well- positioned commercial property, just off the main street of Mount Gambier in the absolute heart of the city.
Surrounded by many retail outlets, cafes, restaurants & accommodation and situated in an Urban Activity Centre Zone, this property offers a purchaser flexibility and a variety of opportunity.
The thoughtfully planned, stylishly presented 2 story layout provides 10 well- appointed office spaces, with a board room, kitchen facilities and amenities on each level. Other features include front & rear entrances, 5 personal carparks with access to a larger parking area, recent rewiring throughout with a newly fitted switch board, FTTB internet security, 2 data cables fitted to each individual office, phone lines and security cameras.
Investment Highlights
Fixed Term Lease to April 2024 with the opportunity to negotiate an extension with the current tenants.
Current Lease Agreement - $67,000 per annum including GST plus all outgoing expenses.
Conveniently located off Commercial Street West, Mount Gambier in the heart of the city, an access street to surrounding businesses.
Information regarding Urban Activity Centre Zone - Accommodates retail, office, community, civic, entertainment, educational, tourist and recreational land uses and activities. Medium to high density housing will be accommodated only on the upper floors of mixed-use buildings to ensure a high level of activity and interaction at street level. (opportunity for multi- purpose usage)
354m2
Two story layout
Privately owned car parking plus access to a larger parking area with front and rear entrances.
Well maintained building with character and modern facilities.
Don't miss this amazing commercial opportunity. Call today to organise an inspection, you will not be disappointed.
The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.
Mount Gambier has 13,849 properties. Over the last 5 years, Houses in Mount Gambier have seen a 88.75% increase in median value, while Units have seen a 86.51% increase. As at 31 July 2024:
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