SOLD

This rare freehold commercial property is sited on a highly visible 820 square metre level corner block on the main road into American River, one block back from the seafront. The building is purpose designed, fully disabled access compliant, and meets all Australia Post standards.

The building is fully air-conditioned, has quality Italian stone floor tiles, covered deck/seating relaxation area, a massive 13.2 kWh solar system, a storage shed, and covered staff and disabled car parking. The building was constructed to purpose in 2017. Paint, floor-coverings and fixed chattels are all in clean, near-new condition.

The tenant business is thriving, with strong support from locals, and growth from population increase and constantly growing local tourism. It is the only Post Office, store and liquor outlet within 45 kilometres. American River is a beautiful, peaceful fishing village and popular holiday location on Kangaroo Island, South Australia's premier tourist destination.

A secure 5 x 5 lease is in place, returning $1700 pcm or $20,400 per year, with cpi increases annually. At the asking price of $285,000, this is an annual return of over 7%.

The building is designed for flexibility of use, and could easily be converted into a three bedroom residence if desired at the end of the tenancy, or re-leased for a variety of commercial purposes. Floor plan does not show covered seating area or pergola/covered parking.

This property will move quickly.

The Phone Code for this property is: 56123. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.