OFF MARKET

2 Mckinlay Street
Victor Harbor SA 5211

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 250m2
Land area: 660m2
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Property Details for 2 Mckinlay St, Victor Harbor

Building Type
Commercial
Year Built
1865
Floor Size
250m2
Land Size
660m2
Local Government
Victor Harbor
Lot/Plan
A1/D57226

Last Listing description (August 2020)

A rare opportunity presents to acquire this iconic Victor Harbor building built Circa 1865. Located on a prime 660m2 allotment, being the corner of McKinlay and Coral Streets. The former ANZ Bank building has been the home to Workskil Australia since 2016 - a quality Tenant and Government funded organisation. The rendered stone building has many features, including a large welcoming reception area, Boardroom/Training Room, multiple offices, vault, large kitchen, male and female toilet facilities, is disability compliant and comes with ducted reverse cycle air conditioning and a security system.

The property is fenced with a 6 car carpark located at the rear of the property, accessed off McKinlay Street. The location is central Victor Harbor - from here you can walk to everything - the beach is just 200 metres away, hotels, cafes, restaurants, shopping and the Post Office all within easy reach.

The sale presents a rare investment opportunity to secure a magnificent superbly located building, on a very valuable central corner allotment, occupied by a quality tenant, representing at 7.3% - 7.8% yield. The property is being sold as a going concern with no GST payable. No Stamp Duty is payable on Commercial Property in South Australia. All outgoings are paid by the Tenant.

Property History for 2 Mckinlay St, Victor Harbor, SA 5211

A timeline of how this property has performed in the market
Last Sold
$780,000
04 Sep 2020
Listed for Rent
$1.10k/w
08 Dec 2015
  • 04 Sep 2020
    Sold for $780,000
  • 21 Jul 2020
    Listed for Sale $750,000 - $800,000
  • 20 Nov 2015
    Listed for Rent - Price not available
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About Victor Harbor 5211

The size of Victor Harbor is approximately 8.7 square kilometres. It has 32 parks covering nearly 16.5% of total area. The population of Victor Harbor in 2011 was 4,122 people. By 2016 the population was 4,240 showing a population growth of 2.9% in the area during that time. The predominant age group in Victor Harbor is 60-69 years. Households in Victor Harbor are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Victor Harbor work in a trades occupation. In 2011, 62.5% of the homes in Victor Harbor were owner-occupied compared with 60.4% in 2016.

Victor Harbor has 3,619 properties. Over the last 5 years, Houses in Victor Harbor have seen a 82.94% increase in median value, while Units have seen a 92.82% increase. As at 31 October 2024:

  • The median value for Houses in Victor Harbor is $684,168 while the median value for Units is $453,887.
  • Houses have a median rent of $495 while Units have a median rent of $425.
There are currently 26 properties listed for sale, and 3 properties listed for rent in Victor harbor on OnTheHouse. According to CoreLogic's data, 181 properties were sold in the past 12 months in Victor harbor.

Suburb Insights for Victor Harbor 5211

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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.