12 Ridge Terrace, Millicent SA 5280

Situated in the heart of Millicent this currently locally owned and leased property has great options!!
Retain as is and become the astute investor or one for the developers/builders to build units/apartments in a perfect location, closes to majority of services (Subject to Council Approval)
• Majority of existing roof has been replaced along with the ceiling
• Zoned: Residential
• Current Land Use: Office/Light Commercial
• Total land Area: 4240m2
• Total Building Area: 1111.8m2
• 3 Allotments, all with separate Titles
• Elec-Air are currently leasing back through themselves one side of the building at $1,250 + GST per month on a monthly lease. A new owner is taking over the business in December 2019 and the lease amount will stay the same but the lease terms will be changed to a 2 year lease + 5 year optional lease
• The remaining other side that was the business of Encompass Integration has now been release out at $1,250 + GST per month with a 2 year lease + 5 year optional lease


** ** Please note: this property has no bedroom but room upstairs has potential to be turned into one