OFF MARKET

93 Smith Street
Naracoorte SA 5271

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 528m2
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Property Details for 93 Smith St, Naracoorte

Building Type
Commercial
Land Size
528m2
Local Government
Naracoorte Lucindale
Lot/Plan
A1/D125517

Last Listing description (January 2020)

Here lies a rare opportunity to purchase a high quality building, with two street entrances, in the centre of Naracoorte, next to the Naracoorte Town Hall.

93 Smith Street, otherwise known as The Naracoorte Herald building, is suitable for owner-occupiers or investors, with vacant possession, for professional, commercial, retail, government, health services and consultancies.

The building, with a mezzanine floor, was designed by North Adelaide architect Jim Ward and was built to exacting standards by Kennett Builders Pty Ltd, of Adelaide and Mount Gambier, master builders for more than a century.

The 'Naracoorte Herald' has been an institution in the community since its founding in 1875. The first Herald building (formerly the National Bank building) was on the same site, but facing Ormerod Street, and housed the newspaper and printing business. The second Herald building was purpose built and was erected in 1907, facing Smith Street.

In 1965 the Smith Street front section of the building was demolished and replaced with a stationery shop and newspaper offices, retaining the printing business in part of the old building and creating delivery space and car parking at the Ormerod Street end.

In 1986-88, the whole building was demolished in stages and was replaced by the current building. Architect Jim Ward designed a ground-level suite of large open spaces for the stationery department, editorial, administration, graphic design and pre-press production, printing department and dispatch, along with kitchen and WCs, as well as a mezzanine floor for reporters.

Following changes of ownership and management, and outsourcing of functions, the Herald no longer needs such large premises.

The building is constructed of rendered Mount Gambier Stone walls and steel deck roof with box gutters and downpipes. The floor is reinforced concrete capable of withstanding heavy machinery.

The internal walls are either flush with or using common walls associated with the Commonwealth Bank of Australia and the Town Hall. Some internal walls are plasterboard while others are plastered sandstone.
Front display glass windows are timber framed while all other windows are aluminium framed. Extensive skylights allow plenty of natural light.

The building is about 460sq m in area and has an internal useable area of about 448sq m plus the upstairs mezzanine office of 60sq m, or 508sq m in total.
 The Smith Street facade has a high quality finish. The building is well insulated for heat and noise.
The whole ground floor is air conditioned with a roof-mounted unit. Two wall-mounted split systems air condition the mezzanine.
In November 2017, the complete main building (excluding the mezzanine) was re-roofed with Zincalume King Klip roofing iron by Neil Stafford Plumbing and Roofing Specialists of Mount Gambier.

The expansive front area was originally an open retail space and could revert to that format again. In recent years the front area was reconfigured with timber-framed plasterboard and glass panel internal walls to create extra offices. There is a reception area with entrance and counter plus seven dedicated offices, an upstairs office boardroom area and a large office work area.

Brochures are available at Ottoson Partners or phone Sarah Ottoson-Crossling on 0400 633 444 to inspect 93 Smith Street.

RLA 179363

Property History for 93 Smith St, Naracoorte, SA 5271

A timeline of how this property has performed in the market
Last Sold
$665,500
29 Jan 2020
  • 29 Jan 2020
    Sold for $665,500
  • 09 Oct 2019
    Listed for Sale $650,000-$670,000
  • 20 Apr 2015
    Transferred
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About Naracoorte 5271

The size of Naracoorte is approximately 114.2 square kilometres. It has 25 parks covering nearly 2.6% of total area. The population of Naracoorte in 2011 was 5,691 people. By 2016 the population was 5,965 showing a population growth of 4.8% in the area during that time. The predominant age group in Naracoorte is 30-39 years. Households in Naracoorte are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Naracoorte work in a labourer occupation. In 2011, 69.3% of the homes in Naracoorte were owner-occupied compared with 67.3% in 2016.

Naracoorte has 3,727 properties. Over the last 5 years, Houses in Naracoorte have seen a 59.00% increase in median value, while Units have seen a 70.59% increase. As at 31 October 2024:

  • The median value for Houses in Naracoorte is $353,174 while the median value for Units is $304,750.
  • Houses have a median rent of $348 while Units have a median rent of $225.
There are currently 23 properties listed for sale, and no properties listed for rent in Naracoorte on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Naracoorte.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.