Invest in One of South Australia’s Fastest-Growing Townships

41-43 Gawler Road, Mount Barker

Investors have the opportunity to be part of the growth story of one South Australia’s fastest-growing townships, with the fully-leased retail and commercial complex with ASX-listed and national tenants, Von Doussa Mall, coming to market.

McGees Property’s Yee Ng and Simon Lambert are marketing the property at 41-43 Gawler Street in Mount Barker, with expectations in the low $6 millions range, equating to a circa 7% yield.

Expressions of interest close Thursday, 5 December at 4pm.

The two-storey office and retail building has a net lettable area of 1,249sqm, on 808sqm of land with Suburban Main Street zoning.

Among the seven tenants are ASX-listed big four banks Commonwealth Bank and Westpac, as well as Wise Employment, Jobs Statewide, Jobs Australia Enterprises an Summit Health, on a range of long-term leases with options and short-term deals. Total passing net rental is currently $423,193 per annum.

“Buyers have a remarkable opportunity here to invest in one of South Australia’s fastest-growing townships,” Ng said.

“The property brings an immediate healthy return with opportunities to capture rental uplift in the coming years, and offers excellent long-term trade and rent prospects.”

Nestled in the Adelaide Hills and only 32 kilometres from the Adelaide CBD, Mount Barker is the retail and commercial heart of the Mount Barker District Council, which has consistently outpaced South Australia’s annual population growth and has a population of 33,000 that is expected to surge to 55,000 by 2036¹.

Lambert said Mount Barker has in recent years seen significant growth driven by its appealing lifestyle, family-friendly amenities and proximity to Adelaide, making it an attractive choice for new residents, businesses and developments.

“With a promising outlook and ongoing development, Mount Barker presents an ideal investment opportunity, ensuring long-term value and growth potential. We’re expecting interest from buyers from South Australia and across the country.

“National investors will note the ability to acquire a high-returning asset with excellent prospects, with no requirement to pay stamp duty or GST on the purchase,” he said.

¹ https://connectmountbarker.com.au/