PRICE REDUCED - Affordable Commercial Investment
A tremendous opportunity to start off, or add to, your commercial property investment portfolio. Extremely well located in a high visibility position, these office premises are currently leased to long established and respected tenants, Veska & Lohmeyer surveyors. The lease is a 5 + 5 year term from 1st May 2010 at a current net rental of $29,539 pa plus GST, to be next reviewed to CPI on 1st May 2013. The tenant additionally pays for all outgoings, except land tax.
The building is thought to date back to the 1920's and has since been extended and renovated to now provide modern accommodation comprising, 4 professional offices, office/reception, office/waiting room, staff kitchen/lunch room, store room and WC facilities. The main part of the building is serviced by a ducted reverse cycle air conditioning system and the rear office is equipped with a split system air conditioner. There is a combination of florescent lighting and downlights, plus there are smoke detectors and a security alarm system fitted. To the rear are 6 private bitumen surfaced car parking spaces. The site area is 618 sqm.
The size of Mount Barker is approximately 37.9 square kilometres. It has 37 parks covering nearly 6.9% of total area. The population of Mount Barker in 2016 was 13842 people. By 2021 the population was 18330 showing a population growth of 32.4% in the area during that time. The predominant age group in Mount Barker is 30-39 years. Households in Mount Barker are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Barker work in a professional occupation.In 2021, 66.00% of the homes in Mount Barker were owner-occupied compared with 61.90% in 2016.
Mount Barker has 12,335 properties. Over the last 5 years, Houses in Mount Barker have seen a 90.35% increase in median value, while Units have seen a 143.16% increase. As at 28 February 2026:
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