40 Commercial Street West Mount Gambier, SA 5290

AUCTION ON SITE: 13TH DECEMBER 2023 AT 12.30PM (UNLESS SOLD PRIOR)

Ray White Mt Gambier are pleased to present 40 Commercial Street West, Mount Gambier for sale. This property has been held tightly in the same family for over 65 years.

This commercial property comes fully leased to Specsavers Pty Ltd until 2028.

The building / land will be offered at auction on Wednesday, December 13, unless it is sold prior.

It comprises 10 offices/consulting rooms, a reception area, a staff room, a store room, a kitchen, and a bathroom. The 260 square meter (approx.) building is located on approximately 296m2 in the central shopping district, next to FJ Faith Jewellers and the Lifeline shop and benefits from a large covered car park at the rear. The building spans the full length of the entry on Commercial Street, to the Commercial Place car park and has a covered rear porch. It sits between Gray Street and Penola Road, making it easy for customers to access from either side of town.

Inside, the reception area is furnished and decorated with the Specsavers branding. It has floating floors in the shop front. A hallway with customer service desks to the right and consulting rooms to the left, is carpeted for comfort, with downlights and ducted heating and cooling throughout.

The current lease is privately managed with a successful business operation, ensuring a hassle-free lease for the next 5 years when renewals can be discussed.

The building is easily adaptable for a variety of business ventures. The modern staff kitchen has floating floorboards, solid white cabinets with shelving for added storage, and a single sink. The spacious bathroom is tiled and has a disabled toilet, handrails, and a basin.

While they vary in size, each consult room offers plenty of space, and a central storeroom makes it easy to access stock and equipment from each room.

The reception area accommodates a range of glasses with two point-of-sale desks and a branded feature wall. There are four customer service desks with chairs and a rear waiting area. The kitchen and bathroom sit at the back of the building, with the kitchen accessing the rear porch for convenience.

The auction for the building is an opportunity to acquire a commercial property in a fantastic area for Mount Gambier's many shoppers, commuters and visitors.

Add to an existing portfolio of commercial properties or dive in, knowing the property is leased and attracts fantastic income.
This is a great investment opportunity. Contact Tahlia and the experienced team of locals at Ray White Mt Gambier and learn more about the property, financials and plans for the area. Call today on 0438 883 992 or (08)8724 7405.

RLA - 291953
Additional Property Information:
Council Rates: Approx. $1,146.00 p/q
Building Age: Approx. 1950's and extension built / completed in 2018
Land Size: Approx. 296m2
Building Size: Approx. 260m2
Lease Details: Fixed Lease until 31st October 2028 currently achieving $5,799.36 INC GST per month + outgoings (there is a fixed 4% annual increase.)