SOLD
Sold on 18 Oct 2024 for $970,000

14 Napoleon Street
Port Lincoln SA 5606

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 203m2
Land area: 466m2
Sold By
Kemp Real Estate
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Property Details for 14 Napoleon St, Port Lincoln

Building Type
Commercial
Year Built
2002
Floor Size
203m2
Land Size
466m2
Local Government
Port Lincoln
Lot/Plan
A11/D60597

Last Listing description (October 2024)

Consider this exceptional investment opportunity, strategically located just off the main street yet comfortably nestled within the bustling CBD. This gem offers a secure, long-term lease to a national lessee, a reputable dental clinic, providing you with a stable and lucrative income stream.

Investment Highlights:

- Stable Income Stream: Benefit from a reliable tenant with a solid lease agreement in place, guaranteeing steady returns. Currently receiving approximately $68,000 per annum plus outgoings.

- Long-Term Security: The 3+3+3+3 year lease structure provides peace of mind, allowing you to plan for the future with confidence.

- Prime CBD Location: Enjoy the advantages of being in the heart of the city without the noise and congestion of the main street.

- Tenant Attraction: A dental clinic as a tenant ensures regular foot traffic and a stable business, making it an attractive proposition for future tenants as well.

- On-Site Parking: Ample parking space adds to the convenience and appeal of this property for both the tenant and their clients.

This property presents a rare opportunity to secure a high-yield investment in a prime location. Whether you're an experienced investor or new to the commercial real estate market, this property offers the perfect blend of stability and growth potential.

Don't miss out on this chance to enhance your investment portfolio with a property that promises consistent returns and long-term security. Contact us today to arrange a private viewing and take the first step towards securing your future.

Contact exclusive selling agent Steve Kemp or Georgie Kemp for further information.

*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, boundary overlays, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Property History for 14 Napoleon St, Port Lincoln, SA 5606

A timeline of how this property has performed in the market
Last Sold
$970,000
18 Oct 2024
  • 18 Oct 2024
    Sold for $970,000
  • 14 Aug 2024
    Listed for Sale $970,000
  • 09 Apr 2018
    Transferred
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About Port Lincoln 5606

The size of Port Lincoln is approximately 34.2 square kilometres. It has 64 parks covering nearly 5.9% of total area. The population of Port Lincoln in 2011 was 14,088 people. By 2016 the population was 14,144 showing a population growth of 0.4% in the area during that time. The predominant age group in Port Lincoln is 50-59 years. Households in Port Lincoln are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Lincoln work in a professional occupation. In 2011, 59.7% of the homes in Port Lincoln were owner-occupied compared with 61.1% in 2016.

Port Lincoln has 8,876 properties. Over the last 5 years, Houses in Port Lincoln have seen a 85.12% increase in median value, while Units have seen a 26.64% increase. As at 31 October 2024:

  • The median value for Houses in Port Lincoln is $451,245 while the median value for Units is $237,922.
  • Houses have a median rent of $460 while Units have a median rent of $358.
There are currently 76 properties listed for sale, and 26 properties listed for rent in Port lincoln on OnTheHouse. According to CoreLogic's data, 411 properties were sold in the past 12 months in Port lincoln.

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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.