SOLD
Sold on 15 Dec 2023 for $2,080,000

83 Tasman Terrace
Port Lincoln SA 5606

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 637m2
Land area: 1674m2
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Property Details for 83 Tasman Tce, Port Lincoln

Building Type
Commercial
Year Built
1985
Floor Size
637m2
Land Size
1674m2
Local Government
Port Lincoln
Lot/Plan
A882/F179294

Last Listing description (November 2023)

83 Tasman Terrace offers a premium investment opportunity positioned in the heart of Port Lincoln. The property is securely leased to national tenant Westpac on a 5+5 year term, providing a net annual income of $152,123*. Occupying a large, ocean fronting site of 1,674sqm* with dual street frontage, the property comprises a 535sqm* office featuring a contemporary fitout and on-site parking for 23 vehicles. Situated in the retail & commercial precinct of the city, the property is surrounded by established operations and national brands. As the commercial centre for the Eyre Peninsula, Port Lincoln is a hub for South Australian tourism and plays a vital role in the nation's aquaculture and agricultural industries.

Colliers International is pleased to present the opportunity to purchase 83 Tasman Terrace, Port Lincoln with the following key attributes:
Secure 5+5 year lease to Westpac

$152,123* net annual income
Located in the heart of Port Lincoln
535sqm* of contemporary office space
1,674sqm* site with dual frontage
23 on-site car parks

*approx.

For sale by National Expressions of Interest closing Thursday 26 October 2023 at 3:00pm (ACDT).

For further information in relation to this opportunity please contact the Colliers Team.

Property History for 83 Tasman Tce, Port Lincoln, SA 5606

A timeline of how this property has performed in the market
Last Sold
$2,080,000
15 Dec 2023
  • 15 Dec 2023
    Sold for $2,080,000
  • 22 Sep 2023
    Listed for Sale Please contact agent
  • 11 Sep 2019
    Listed for Sale Price Upon Request
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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 8,868 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 69 properties listed for sale, and 29 properties listed for rent in Port lincoln on OnTheHouse. According to CoreLogic's data, 409 properties were sold in the past 12 months in Port lincoln.

Suburb Insights for Port Lincoln 5606

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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.