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Milang, 10-15 Daranda Terrace

Prize Property

$650,000

Listing Number: SCL9938
About this listing
FOR SALE OR LEASE

This is your chance to own a very important real estate holding, which is located in the heart of 'Milang' A town steeped with history.

9 Shops in total and solid long term tenancies, that are considered crucial to the township.

Situated across from the Pub, Caravan Park, boat ramp, Public Park, Holiday Homes and cottages, with magnificent views to Lake Alexandrina.

Creative thinkers, explore the possibilities to develop, extend and/or, provide holiday units, etc. (stcc).
Currently leased to 4 tenancies including Mini Mart (5yr lease), Pharmacy, Provedore Food Outlet, Take Away Food plus 3 vacancies that have been regularly leased to pop up shops during peak tourist seasons.

Currently offering a Net rental yield of approximately 7.5% with income of $45,000+ per annum. There is the potential of up to $60,000 when fully tenanted. Leasing enquiries welcome.

Land of 1540m2 approx. Including rear car park area.
Total lettable area 592.4m2 approx.

Milang is a town on the freshwater banks of Lake Alexandrina some 80kms from Adelaide.
There are several accommodation options including a Caravan Park.

Tourism thrives in school holiday times, with visitors renting, or families visiting, one of the coloured lakeside shacks.

Stroll to the visitor centre and take a tour on the lake to see how and why Milang is known as South Australia's historic lake port.

For more details call Andrew Elsegood 0488 958 352

Property Information
  • Floor Area: 592 sqm
  • Land Size: 1540 sqm
  • Tenure: Fee Simple
  • Property Type: Office, Retail, Tenanted Investment

Contact Details

Harcourts VennMillar RLA 266403

414 Goodwood Road
Cumberland Park
Office website

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