Absolute Prime Development Site

51 John Watson Drive, Mount Gambier SA

Property Highlights

Fixed 3% increases
Former TV Studio
Renovate or redevelop


+ Secure leases on Telecommunication Towers to Optus & Vodafone.
+ Optus: 10-year lease to 2028 plus 10-year option to 2038.
+ TPG (Vodafone): 10-year lease to 2024 plus 10-year option to 2034.
+ Generous fixed 3% annual rent increases to Optus & Vodafone.
+ Additional short term office tenancies.
+ 850sqm building, former TV studio and offices.
+ Renovate or redevelopment opportunity (STCA).
+ Significant 2,884sqm site with additional driveway and onsite parking.
+ Located on the edge of the famous Blue Lake overlooking the City.
+ Mount Gambier: SA’s largest regional city, population of 27,000+.
+ Net Income: $79,725pa + GST

For Sale by Expressions of Interest
Closing 3PM (AEDT) Thursday 16 December 2021

RLA 293472

In conjunction with
Herbert Commercial
David Herbert
08 8725 0500

Property Details

Current Tenant
Occupancy Type
Land Size
2,884 SQM
Building Area
850 SQM

Contact Agent

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