22 Victor Harbor Road Mount Compass SA 5210
NOW $385,000

DESCRIPTION

This excellent commercial property is on a large 1,393sqm allotment within the town centre precinct of historic township of Mount Compass. Mount Compass is a rapidly growing township located 59 Kms from Adelaide GPO, and is at the hub of the Fleurieu Peninsula and within 20 minutes drive of all surf, swimming and fishing beaches, and is approximately equidistant from Strathalbyn, Goolwa, Port Elliot, Victor Harbor, Yankalilla, Aldinga and McLaren Vale.

The township is on a major traffic route and is exposed to high traffic volumes of holiday makers and south coast commuters. A rapidly growing local community attracted to the rural lifestyle and atmosphere of the town and surrounding district has also driven increased retail activity in the township; e.g. The town centre has recently undergone a million dollar upgrade, and a large IGA supermarket is being newly established in town. The community and tourist facilities include the Mount Compass Area School, Golf Course and Caravan Park.

It is currently set up as 3 separate leasable areas, however it could be modified if required. At present the timber frame portion is securely leased to the Mount Compass Doctor Surgery and a single front room is used by the Alexandrina Council as a local tourist information booth and only attracts peppercorn rent. The largest lettable area is currently empty but does open up opportunities to the possible owner/occupier.

The property is estimated to have been built in the 1950's and originally was two separate buildings. The solid brick portion with its baker ovens was run by the Beaumont Family and their timber frame residence (now the Doctors Surgery) was their family home. Then in the 1970's the gap between the two dwellings was enclosed to create the "Old Bake House Gallery" which sold paintings and fine arts & crafts. Since then the shop has been used for a pizza/takeaway amongst other things.
It is currently set up as 3 separate leasable areas, however it could be modified if required.

Due to its position within the township, together with the size of the block of land the opportunities for the property are endless. Your inspection is highly recommended.