An excellent opportunity to add to your investment portfolio a well presented solid building in the heart of the popular riverside town of Loxton
Long term tenancy is currently offering a return of $45618.72 plus GST and outgoings (current tenancy expires July 2020).
Set on a large 1354m2 allotment (approx) with 25m frontage to East Terrace, the building appears to be in very good order and is largely constructed of Mt Gambier Stone. The building consists of a commercial zone of some 160m2 fronting East Tce with separate residential living at the rear offering a total of 166m2 living space.
The commercial space includes a large Customer waiting / reception area, 5 offices, two storerooms, Male and Female toilets and Kitchen. The separate residence includes a large lounge with slow combustion wood heater and Airconditioner, two large bedrooms and one smaller bedroom or office, sleepout, large eat in kitchen, renovated bathroom, second toilet, laundry, wide passage ways and a cellar. Most of the residence has 4m high ceilings and the solid construction will ensure the home remains cool during our warm summers. At the rear of the property is a 6m x 5.3m shed and rain Water tank and there is ample main street parking available for customers.
Loxton is a popular tourist destination on the south bank of the Mighty Murray River. With a population of approx 4600 it also sercices the surrounding Mallee dryland Farming district. The strength of Loxton is in its diversity servicing both grain cropping and livestock farming together with a vibrant horticulture industry.
For Further details and for a private inspection, contact agent Dave Kanizay on 0408834586 or email david.kanizay@elders.com.au or Raph Liddle on 0405005138