Skip to content

26-28 Hill Street

Port Elliot SA 5212

EOI by 12noon 25/10/2024 (USP)
Enquire now

Dual Income with Upside Potential

• Income from Six leased warehouses and 43 Boat/caravan/trailer storage sites
• Land Size of 7031sqm approx. with potential division or additional warehouses (STCC)

Elders Victor Harbor are proud to offer 26-28 Hill Street, Port Elliot for sale by Expressions of Interest closing 12noon Friday 25th October 2024 (unless sold prior). Price Guide of $1.4mill plus.

The property is located in Port Elliot approximately 85 kilometres south of Adelaide CBD (just over an hour by car). Port Elliot is well known for its village shopping/cafes and stunning beaches. Victor Harbor, the regional town centre for the area is position around 7 kilometres away.

The property offers a gross income of approximately $114,556 per annum (excluding GST) from six warehouses leased for periods ranging from two to five years. Warehouse tenants also pay a contribution to power usage included in the gross rental. Additional income is provided by the 43 boat/caravan/trailer open bays at new revised rate from 1/10/24 of $60 per month ie $30,960 per annum (excluding GST). Total gross income of $145,516 per annum (ex GST) approximately. One van bay is used by owner is and is included in the above income. Note Gross Income includes tenant power and other recoverables.

Other features include;

Common toilet block for sheds 3-7, Own toilet & kitchen in shed 1.
Three phase power available to warehouses 1, 3 & 6
Security system with cameras and keypad front gate entry.

Extensive refurbishment of the site in 2021 including upgrading of security systems, sealed driveway and compacted yard surfaces plus a 16kwatt solar system installed.

Business name & Business websites available for the new owner if desired.

Potential to increase the income generated from the site by the construction of additional warehouses (STCC) in place of the caravan/boat storage bays.

Call Paul Smith on 0417 624 833 or email paul.smith@elders.com.au for more information or to arrange an inspection.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. RLA 62833

Features

General Features

  • Land Area: 7,031sqm
  • Commercial Type: Industrial/Warehouse
  • Building Area: 1,034sqm

Can I afford 26-28 Hill Street?

With access to the best on offer from 30 lenders and complete support and advice from pre-approval to settlement, you can trust an Elders Home Loans broker to find a quick and simple solution.

Get a Quote

Elders Real Estate Victor Harbor

Enquire about 26-28 Hill Street, Port Elliot, SA, 5212

Property guides and resources

Elders Real Estate Announces Winner of the $25K Your Way Campaign

Elders Real Estate is excited to announce that the winner of the…
Read more

Elders Real Estate Triumphs at the 2024 REINT Awards for Excellence

Elders Real Estate shone at the 2024 REINT Awards for Excellence, held…
Read more

Elders Acquires Ray White Tamworth

Elders is excited to be expanding their footprint, with the acquisition of…
Read more