50B Mckenzie Street
Ceduna, SA 5690

This commercial property located at 50B Mckenzie Street, Ceduna, SA 5690 offers a rare opportunity to own a substantial and income-producing investment asset. The investment boasts a solid return of 7.4%, equating to $59,068.81 per annum plus GST, with a secure lease backing from a Government of South Australia tenant.

The property is situated on a generously sized allotment of 3,903 square meters that features multiple street frontages. The site is highly versatile, featuring a functional office and amenities building totaling 414 square meters along with a large, fully fenced hardstand yard. This hardstand yard is perfectly suited for the storage of fleet vehicles, plant, and equipment, making it an ideal space for operational businesses.

The building layout is practical and functional with multiple office spaces, meeting rooms, and staff rooms, a kitchen area, and three bathrooms. Additionally, the property includes a 99 square meter carport and ample on-site parking for staff and visitors.

Currently, the premises serve as the home for the Eyre Peninsula Landscape Board and are leased to the Minister for Infrastructure & Transport. The lease term extends through to 31 August 2027 and includes annual rent reviews, which secure built-in income growth for the investor.

Positioned within Ceduna's established commercial precinct, this location acts as a gateway to the Far West Coast and serves as a key regional service hub. The property represents a genuine 'set-and-forget' opportunity for astute investors seeking a secure tenancy with a strong covenant.

The sizeable land bank offers future development upside, subject to Council approvals, adding potential additional value beyond the current income stream.

Such investment opportunities, particularly those underpinned by secure government leases in regional South Australia, are infrequent in the market, representing a compelling proposition for investors.