A rare opportunity presents to acquire this iconic Victor Harbor building built Circa 1865. Located on a prime 660m2 allotment, being the corner of McKinlay and Coral Streets. The former ANZ Bank building has been the home to Workskil Australia since 2016 - a quality Tenant and Government funded organisation. The rendered stone building has many features, including a large welcoming reception area, Boardroom/Training Room, multiple offices, vault, large kitchen, male and female toilet facilities, is disability compliant and comes with ducted reverse cycle air conditioning and a security system.
The property is fenced with a 6 car carpark located at the rear of the property, accessed off McKinlay Street. The location is central Victor Harbor - from here you can walk to everything - the beach is just 200 metres away, hotels, cafes, restaurants, shopping and the Post Office all within easy reach.
The sale presents a rare investment opportunity to secure a magnificent superbly located building, on a very valuable central corner allotment, occupied by a quality tenant, representing at 7.3% - 7.8% yield. The property is being sold as a going concern with no GST payable. No Stamp Duty is payable on Commercial Property in South Australia. All outgoings are paid by the Tenant.
The size of Victor Harbor is approximately 8.7 square kilometres. It has 32 parks covering nearly 16.5% of total area. The population of Victor Harbor in 2016 was 4233 people. By 2021 the population was 4520 showing a population growth of 6.8% in the area during that time. The predominant age group in Victor Harbor is 60-69 years. Households in Victor Harbor are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Victor Harbor work in a community and personal service occupation.In 2021, 64.10% of the homes in Victor Harbor were owner-occupied compared with 60.40% in 2016.
Victor Harbor has 3,665 properties. Over the last 5 years, Houses in Victor Harbor have seen a 73.67% increase in median value, while Units have seen a 93.16% increase. As at 30 April 2026:
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