Absolute Prime Development Site
51 John Watson Drive, Mount Gambier SA
Property Highlights
Description
+ 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
commercial@herbertcommercial.com.au
Property Details