LEASED COMMERCIAL INVESTMENT

Quality presented office premises with long established track record as an employment services and jobs skills training centre, located in accessible position within the town centre near to the Kmart & Coles shopping centre – Mount Barker Central.

The premises are being offered for sale with the benefit of an existing lease to government contract funded group, SYC Ltd, who have been the tenant here since mid-2015. SYC are a not-for-profit organisation providing employment, training and youth services throughout South Australia, New South Wales, Queensland and Victoria.

The building presents excellently, is well fitted out to provide a mixture of open plan areas and individual offices all at ground floor level. Air conditioning is via a ducted reverse cycle system.
Total internal floor area approx 208.5 sqm
Space for 7 on-site parks immediately in front of the building, plus public car parking a minute’s walk away.

The premises are subject to a lease to SYC Limited, as follows:
• Original lease term commenced: 22-Jun-15
• Current lease term expires: 30-Jun-25
• Current net rental income: $63,448.41 pa
• Next rent review: 01-Jul-24 by CPI
• Renewal option: 3 years (from 01-Jul-25 to 30-Jun-28)
• Bank Guarantee to Landlord of $14,877.50

The property is part of a community titled group forming a small business park.

FOR SALE as a leased investment

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Harry Sanders 0431 057 3...
Nigel Grivell 0414 257 9...