42 Poynton Street, Ceduna

Fully leased showing an 8.3% return on investment.
Corner CBD site with the best exposure in the thriving regional centre of Ceduna.

A commercial site with mix of retail businesses and commercial office tenancies. Fully tenanted annual rental income of AUD $148,577.60 excluding GST. Split level commercial development with seven ground floor retail tenancies and one upper level office tenancy. Extensive frontage 33.39 metres on Poynton Street and 25.15 metres on McKenzie Street. Combined land area of 861 square metres. Note, no GST payable being sold as a 'going concern' within the meaning of GST Law. No stamp duty payable. The site has excellent on street parking and easy access to all tenancies. Situated minutes from beach, Foodland Supermarket, Ceduna Hotel, Post Office and Caravan Park.
The current owner has enjoyed good financial return on this building for over 30 years. The decision to sell is due to a desire to downsize investments due to age. This is an ideal investment showing great returns for a super fund or private holding.

The property can be easily be self managed or placed under a commercial leasing management agent.

Located in the centre of the regional township of Ceduna, on the west coast of the Eyre Peninsula, approximately 775 kilometres north-west of the Adelaide CBD.

Ceduna is recognised as the gateway to the Nullarbor Plain as the last major settlement before crossing east to west with Eyre and Flinders Highways being the main arterial access to the town.

Tourism, agriculture, the Thevenard deep sea port, Iluka Resources mineral sands mine 195 kilometres north west of the town all contribute to the success of Ceduna.

For further details and information memorandum please contact exclusive selling agent Steve Kemp on 0418 837 075.

*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, boundary overlays, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.