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
*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.
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:
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