12 Ridge Terrace, Millicent

$250,000 Excl GST

Commercial property in prime location

Don't miss this great opportunity to purchase 3 allotments (all with separate Titles) on a high traffic road in the heart of the Millicent township.
Although in residential zoning, one section of the Mount Gambier Stone & brick constructed building is currently being occupied as an office space and light commercial area by a local business. The adjoining section of this building is vacant but in good condition with a large semi-carpeted main office space, two other smaller rooms and a massive 16m x 8m garage/workshop with access from main building and roller doors to outside.
Improvements to this building have been made such as most of the existing roofing being replaced as well as the ceiling.
Add this to your investment portfolio or broaden your developer horizons and explore the possibilities of commercial or retail investment in the thriving town to Millicent. See link to Wattle Range Council page

Current Property Management by South East Property Commercial.
Portion is leased for 12 Months with right to renewal for $1250 per month + gst. Expire July 2020 with 2 x 2 year renewals
New additional lease pending - 3 year lease with option + 3 years $800 per month + gst

Zoned: Residential with Current Land Use: Office/Light Commercial
Total land Area: 4240m2
Total Building Area: 1111.8m2

Outgoings:
Rates per annum - $1750.89 for 3 titles 2018/2019
Emergency services levy - $344.45
SA Water - $489.71 Current end June 2019

Call Fiona Telfer for more details


Listed by

agent

Fiona Telfer

0407976908

[email protected]


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