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15 Commercial Street,
Kingscote 5223, South Australia
Price withheld
Property details
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Agents
CORNER COMMERCIAL & OSMOND STREETS, KINGSCOTE KANGAROO ISLAND
This property is strategically positioned directly opposite the Drakes Foodland Supermarket in Commercial Street, offering patrons of this property substantial convenience and ease of access. It lies within the heart of the commercial center of the township, and within walking distance to numerous other hotels, cafes and notable businesses.
Kangaroo Island is well into recovery mode after recent widespread bushfires, and is attracting significant investment both public and private, into new hospitality and tourism projects, and new and replacement residential construction.
The improvements currently offer two separate tenancies contained within a single certificate of title, one being disposed as a homewares, showroom, and the other as a gym and workout areas. Both tenancies have additional yard, car parking and storage areas to the rear. They are both air conditioned.
The Homewares tenancy also covers some external storage/ yard areas. The improvements enjoy high levels of exposure, and while they are well suited to their current uses, they also offer versatility for future adaptation to alternate applications.
Gym: 408m2 approx.
Homewares: 420m2 approx.
The Leases/Assignments:
Ingrams Store Pty Ltd trading as Beaumont Tiles
Lease commencement: 1 April 2022
Lease expiry 31 March 2023
Lease renewal options: 1 + 1 years
Current rental: $28,000 pa + GST
Reviews Annually to CPI.
Rates & taxes: Lessee pays rates & taxes except state land tax.
Boobs and George Pty Ltd trading as Island Fitness
Lease expiry 31 March 2024
Lease renewal option 3 years
Current rental $26,000 pa + GST
Reviews Annually to CPI; and to market value upon lease renewal.
Rates & taxes Lessee pays rates & taxes except state land tax
Offers close on Thursday 15th September 2022, unless sold prior.
Enquiries: Tony Ricketts, Ray White, Commercial Adelaide Asset Management.
Mobile: 0418 827 911
Email: tony.ricketts@raywhite.com
Kangaroo Island is well into recovery mode after recent widespread bushfires, and is attracting significant investment both public and private, into new hospitality and tourism projects, and new and replacement residential construction.
The improvements currently offer two separate tenancies contained within a single certificate of title, one being disposed as a homewares, showroom, and the other as a gym and workout areas. Both tenancies have additional yard, car parking and storage areas to the rear. They are both air conditioned.
The Homewares tenancy also covers some external storage/ yard areas. The improvements enjoy high levels of exposure, and while they are well suited to their current uses, they also offer versatility for future adaptation to alternate applications.
Gym: 408m2 approx.
Homewares: 420m2 approx.
The Leases/Assignments:
Ingrams Store Pty Ltd trading as Beaumont Tiles
Lease commencement: 1 April 2022
Lease expiry 31 March 2023
Lease renewal options: 1 + 1 years
Current rental: $28,000 pa + GST
Reviews Annually to CPI.
Rates & taxes: Lessee pays rates & taxes except state land tax.
Boobs and George Pty Ltd trading as Island Fitness
Lease expiry 31 March 2024
Lease renewal option 3 years
Current rental $26,000 pa + GST
Reviews Annually to CPI; and to market value upon lease renewal.
Rates & taxes Lessee pays rates & taxes except state land tax
Offers close on Thursday 15th September 2022, unless sold prior.
Enquiries: Tony Ricketts, Ray White, Commercial Adelaide Asset Management.
Mobile: 0418 827 911
Email: tony.ricketts@raywhite.com
Explore the area
School catchments
- Kangaroo Island Community Education - Kingscote Campus Combined Government 0.68km
- Kangaroo Island Community Education Combined R-12 Government 0.72km
- Kangaroo Island Community Education - Penneshaw Campus Combined Government 27.4km
- Kangaroo Island Community Education - Parndana Campus Combined Government 37.0km
- Rapid Bay Primary School Primary R-6 Government 52.1km
- Yankalilla Area School Combined R-12 Government 66.6km
- St Columba's Memorial School Primary R-6 Catholic 70.7km
- Yorketown Area School Combined R-12 Government 71.1km
- Warooka Primary School Primary R-6 Government 77.0km
- Myponga Primary School Primary R-6 Government 80.1km
- Stansbury Primary School Primary R-6 Government 84.3km
- Southern Vales Christian College - Aldinga Campus Combined Independent 85.8km
- Aldinga Beach Primary School Primary R-6 Government 85.9km
- Aldinga Payinthi College Combined R-12 Government 86.7km
- Cardijn College - Galilee Campus Combined Catholic 86.7km
- Investigator College Combined R-12 Independent 87.5km
- Victor Harbor High School Secondary 7-12 Government 88.6km
- Encounter Lutheran College Combined R-12 Independent 91.3km
- Seaford Secondary College Secondary 7-12 Government 92.4km
- Willunga Waldorf School Combined R-12 Independent 92.4km
- Tatachilla Lutheran College Combined R-12 Independent 93.2km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Floorplan
Contact Tony Ricketts
Contact Tony Ricketts
Tony Ricketts
15 Commercial Street, Kingscote SA 5223
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Tony Ricketts
15 Commercial Street, Kingscote SA 5223