10 Crozier Road, Victor Harbor

*SOLD BY VENTURE COMMERCIAL*

SPECTACULAR COMMERCIAL INVESTMENT

Having recently undergone an impressive refurbishment, this property provides the very best in modern consulting-style accommodation. Leased to the Murray Mallee Health Network Inc. the property is used for running the 'Headspace' operation. This is a government-funded, non-profit organisation for youth mental health, part of the Department of Health and Ageing’s ‘Youth Mental Health Initiative Program’. The quality fittings, funky décor and modern flexible floorplan with disabled access, now provide them with the perfect operation base.

The building occupies a corner site within easy reach of most CBD services. Its position is convenient and accessible for clients, with easy parking at the front of the building and well serviced by bus routes.

The accommodation is arranged as:
• Reception
• Boardroom
• x5 consulting offices
• Spacious open plan office
• x1 office
• Admin / print room
• Staff room / kitchen
• Store rooms
• Customer WC (unisex)
• Staff WCs (separate male and female)

Clients utilise the main front entrance, staff can access the building from the rear on-site car park. The car park is securely gated and can accommodate approx. 6 vehicles if double parked.

The lease is structured so as to tie in with the Lessee’s two yearly funding pattern. The Lessee’s recent investment in the significant fit out and refurbishment would indicate that these premises suit their long term goals. The current term runs until 31-Aug-21 with two renewal options of 2 years thereafter.

Current net rent is $66,950 + GST pa, subject to 3% annual reviews, except at renewal when the net rent is reviewed to market level. Outgoings are additionally on-charged to the Lessee.

The property is Torrens Titled
Total site area is approx 436 sq.m.

The property is to be sold as a going concern with the current lease in place, there is therefore no GST to be applied to the purchase price.

Stamp Duty on the purchase is $nil.

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