3-5 Krummel Street, Mount Gambier, SA 5290

FOR SALE - UNMATCHED CBD DEVELOPMENT OPPORTUNITY

Presenting a substantial development opportunity in the heart of a tightly held area of Mount Gambiers CBD. The 5 individual titles total 4,656m2 and are strategically placed between two popular streets. The property features substantial frontages and access to Krummel and Crouch Street South, don’t miss this unique opportunity!

Prime development sites are in demand due to the growth the Mount Gambier CBD is currently experiencing. The area has potential due to favourable zoning and existing titles supporting a smoother approval process assisting to fast track developments and leave a community impact by enhancing the areas appeal and services.

There is an existing lease with Central Caravan Park expiring May 2029 with no further rights of renewal. The rental income is negotiable with annual increases of 4%. The cabins are owned by Lessee, there is a solid amenity block of 81m2.

Timing is the key with this opportunity, the transformation of this pocket within the CBD has seen successful modern outcomes attracting significant activity locally and visitors alike.

Get straight to work! Contact Complete Commercial to arrange a site visit.