Kingscote is Kangaroo Islands largest township and Dauncey Street is the prime commercial business precinct. The Property is quality brick construction with 7 separately lettable shops in total. Note this offering is only 2 of those titles as follows;

Unit 2 (known as shop 7)- Inclusive of 118m2 shop floor area, store room and directly abuts courtyard common area of approx 63m2. Currently leased to Government Department expiring 2010 with right of renewal. Current rent is $14,897.83pa
Listed Sale price is $320,000.

Unit 3 consists of 3 offices on one title being offices 4, 5 & 6 and particulars are as follows;
Listed Sale price is $450,000.

Office 4 – 63m2 office accommodation currently under lease to Government Department expiring 2010 with right of renewal. Current rent is $9,534.61pa(ex GST).

Office 5 – 54m2 office accommodation currently leased to Employment Options expiring 2012 with right of renewal. Current rent is $8,301.68pa. (ex GST)

Office 6 – 49m2 office accommodation currently leased to Workskil Inc. expiring 2012 with right of renewal. Current rent is $11,439.96pa (ex GST)

The complex is compliant with building safety requirements including fire wall & fire hose reels.
This presents as a unique opportunity as main street commercial property is tightly held and seldom presents to the market. For further information and to arrange inspection contact Michael Barrett on 0427 727 333.