Burgess Rawson from CBRE in conjunction with Key2Sale are delighted to offer to the market 5-7 James Street, Mount Gambier for private sale.

Key investment highlights include:

+ Prime commercial freehold site in the heart of the Mount Gambier’s CBD amongst key national retailers.
+ Anchored by Intersport a highly reputable and leading sports retailer with a growing network of 80+ stores nationally, plus local health network backed by State Government
+ Annual rent increases across all leases
+ Substantial 4,135sqm* corner landholding with combined 122 metres dual street frontage to James Street and Bartletts Lane.
+ Versatile 1,500sqm* building, originally constructed as a Coles supermarket, providing flexibility and future development upside.
+ Centrally positioned amongst national retailers, major banks, supermarkets and council offices.
+ Additional income generated via Communication Tower with renewed 5 year leases to both Optus and Telstra.
+ Significant redevelopment and value-add potential (STCA) given the site size, configuration, and ample on-title car parking.
+ No stamp duty payable in South Australia, enhancing acquisition appeal.
+ Mt Gambier: South Australia’s second largest town with a population of circa 30,000 and strong trade catchment of 85,000+ people.
+ Net Income: $226,859 pa* + GST

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Raoul Holderhead 0413 860 304
Justin Kramersh 0460 349 605

Key 2 Sale Commercial | RLA 282450
David Herbert 0408 849 080

CBRE – South Australia | RLA 208125
Ned Looker 0448 689 573

* Approx