79 George Street
Millicent, SA 5280

Overview

Prominent Position with Multiple Leases

Located prominently along the main street of Millicent, 79 George Street presents a significant commercial opportunity featuring multiple secure leases. This property is ideal for motivated investors, with current leases generating approximately $190,000 per annum including GST.

The site spans approximately 3,499 square meters, with the main building offering around 1,260 square meters of mixed retail and commercial space. It houses well-known national and local brands, along with a vacant shop space that holds potential for additional rental income.

Accessed from Railway Terrace at the rear, the property includes a renovated three-bedroom, one-bathroom home that provides a steady residential return of $320 per week on a fixed lease. This home also offers additional access to off-street parking, accommodating approximately 25 vehicles.

The primary lease is with the IGA Supermarket, which has a 10+10+10 fixed lease that commenced in 2020, generating $154,000 per annum including GST plus outgoings. The supermarket's footprint allows for potential expansions, such as a bottle shop or lotto kiosk, subject to council approval and licensing.

Subway occupies a space under a 3+3 fixed lease that began in 2024, contributing $11,000 per annum including GST plus outgoings.

A locally owned salon occupies the middle shop, benefiting from both internal and external access, and has maintained a long-term lease at $7,800 per annum including GST.

The vacant shop offers 65 square meters of retail space with excellent exposure and easy access from the rear entrance and car park. This space has seen both fixed retail leases and

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