26-28 Hill Street
Port Elliot SA 5212
$1,625,000
Dual Income with Upside Potential
• Income from Six leased warehouses and 43 Boat/caravan/trailer storage sites• Land Size of 7031sqm approx. with potential division or additional warehouses (STCC)
Elders Victor Harbor are proud to offer 26-28 Hill Street, Port Elliot for sale by Expressions of Interest closing 12noon Friday 25th October 2024 (unless sold prior). Price Guide of $1.4mill plus.
The property is located in Port Elliot approximately 85 kilometres south of Adelaide CBD (just over an hour by car). Port Elliot is well known for its village shopping/cafes and stunning beaches. Victor Harbor, the regional town centre for the area is position around 7 kilometres away.
The property offers a gross income of approximately $114,556 per annum (excluding GST) from six warehouses leased for periods ranging from two to five years. Warehouse tenants also pay a contribution to power usage included in the gross rental. Additional income is provided by the 43 boat/caravan/trailer open bays at new revised rate from 1/10/24 of $60 per month ie $30,960 per annum (excluding GST). Total gross income of $145,516 per annum (ex GST) approximately. One van bay is used by owner is and is included in the above income. Note Gross Income includes tenant power and other recoverables.
Other features include;
Common toilet block for sheds 3-7, Own toilet & kitchen in shed 1.
Three phase power available to warehouses 1, 3 & 6
Security system with cameras and keypad front gate entry.
Extensive refurbishment of the site in 2021 including upgrading of security systems, sealed driveway and compacted yard surfaces plus a 16kwatt solar system installed.
Business name & Business websites available for the new owner if desired.
Potential to increase the income generated from the site by the construction of additional warehouses (STCC) in place of the caravan/boat storage bays.
Call Paul Smith on 0417 624 833 or email paul.smith@elders.com.au for more information or to arrange an inspection.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. RLA 62833
Features
General Features
- Land Area: 7,031sqm
- Commercial Type: Industrial/Warehouse
- Building Area: 1,034sqm
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