66-68 Gawler Street, Mount Barker

MULTI-TENANCY PROPERTY

Character property with plenty of options - hold as an investment, or part-occupy yourself with income from the balance of the space.

This prestigious building enjoys great street appeal from its corner position, located next door to the Mount Barker Police Station and diagonally opposite The Grays Inn Hotel. It forms a solid structure with accommodation on split levels, with so many character features including a vaulted ceiling exposing the old timber roof shingles, and a large cellar. It is reported to have originally been the home of the local carpenter and undertakers.

The property comprises two titles, one of which forms vacant land/car parking accessed off McLaren Street.
Total land area is approximately 496 sqm of which the car park land forms approximately 237 sqm.

Total building area is approximately 261 sqm. Currently the building is set up with two commercial tenancies on the lower levels, and an Airbnb apartment on the upper level. All of these areas are self-contained with their own entrances, but can be re-combined in the future if so desired.

• Tenancy 1 - LEASED
Approximately 152 sqm over ground and basement levels
Tattoo Studio use
Lease expires 30-Nov-26, +3yr renewal option
Current rent $36,000 net pa

• Tenancy 2 - LEASED
Approximately 42 sqm at lower ground floor level
Retail store trading as ‘Vapen’
Lease expires 30-June 2024
Current rent: $17,850 net pa

• Tenancy 3 - Airbnb
Approximately 66 sqm at upper level
Currently generating just under $20k pa in income

Zoned Suburban Main Street (SMS)

The property is offered FOR SALE at $1.25M (plus GST if applicable at the time of sale).

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

Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346