1-3/198 Commercial Street East, Mount Gambier, SA 5290

EXPRESSIONS OF INTEREST BY WEDNESDAY 30TH OF APRIL 2025 AT 12PM (IF NOT SOLD PRIOR)

A rare opportunity presents itself with this solid brick and tile unit complex, offering three well-designed residences. Whether you're an investor looking to secure a multi-income asset or a homeowner seeking flexibility with additional rental potential, this property delivers versatility, practicality, and long-term value.

UNIT 1
- Positioned at the front of the complex
- Two bedrooms including a main with built-in robes
- Spacious open-plan living area with a reverse-cycle air conditioner and gas wall furnace
- Kitchen offers a gas stove, double sink, and timber cabinetry
- Bathroom includes a shower, bath, and separate toilet 
- Laundry with built-in storage
- Small, private yard with secure fencing
- Single garage with internal access and manual roller door.

UNIT 2
- Two bedrooms including a main with a built-in robes and charming bay window
- Open-plan living area with a reverse-cycle air conditioner and gas wall furnace
- Kitchen is fitted with a gas stove, double sink, and timber cabinetry
- Bathroom includes a bath, shower, and separate toilet
- Laundry with built-in storage
- Small, private yard with secure fencing
- Single garage with internal access and manual roller door.

UNIT 3
- Positioned at the rear of the complex, Unit 3 is the largest of the three units
- Three bedrooms including two with built-in robes and all with ceiling fans
- Spacious L-shaped living and dining area includes a sliding door leading to the side yard
- Well-appointed galley-style kitchen
- Bathroom includes a shower, bath, vanity, and separate toilet
- Climate control is covered with both a gas furnace and reverse-cycle split system
- Single garage with internal access and manual roller door.

Owning three units in one complex presents a wealth of possibilities. Investors can enjoy a steady rental return across multiple dwellings, while owner-occupiers could live in one and lease the others for additional income. The solid construction and sought-after features make this a smart addition to any portfolio.

Don't miss your chance to secure this unique multi-unit offering – enquire today.

Extra Information - Unit 1:
Council Rates / $1,588 p/a
SA Water Supply Charge / $78.60 p/qtr
SA Water Sewer Supply Charge / $86.95 p/qtr
Emergency Services Levy / $82.65 p/a
Independent Rental Appraisal / $360-$370 p/w
Land Size / 272 m2

Extra Information - Unit 2:
Council Rates / $1,588 p/a
SA Water Supply Charge / $78.60 p/qtr
SA Water Sewer Supply Charge / $86.95 p/qtr
Emergency Services Levy / $82.65 p/a
Independent Rental Appraisal / $360-$370 p/w
Land Size / 249 m2

Extra Information - Unit 3:
Council Rates / $1,588 p/a
SA Water Supply Charge / $78.60 p/qtr
SA Water Sewer Supply Charge / $86.95 p/qtr
Emergency Services Levy / $82.65 p/a
Independent Rental Appraisal / $390-$410 p/w
Land Size / 272 m2

Extra Information - Whole Property:
Land Size / 793 m2
Council / City of Mount Gambier
Zoning / Business Neighbourhood

Disclaimer: 
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.