2A Meredith Street Newton, SA 5074

UPCOMING INSPECTIONS:

• Friday 5th of December: 1:30pm - 2:00pm

Set on a substantial 1,418sqm (approx.) allotment with a combined internal area of 936sqm (approx.), this multi-tenanted commercial property offers a rare and versatile opportunity for investors, developers, or owner-occupiers alike (subject to council approvals).

Comprising three separate buildings, the site is currently leased to three tenants, providing an immediate income stream. Further lease and rental information will be made available upon request.

KEY FEATURES:

Suites 1-5 at 2A Meredith Street offer a substantial multi-tenancy commercial holding leased to Bright Engineering Pty Ltd. Spanning a consolidated floor area and configured for practical operational use, the tenancy benefits from strong lease security with a five-year term commencing 1 March 2025 and expiring 28 February 2030. The current rental is $53,550 per annum plus outgoings of $4,462.50 per month (excluding GST). Annual reviews are conducted in line with CPI, and the lease includes two further options of five years, providing long-term income consistency and flexibility for both landlord and tenant.

Shed B is occupied by LH Plumbing Pty Ltd, a long-standing business within the property, having commenced their lease on 1 August 2015. Their current fixed-term lease runs through to 28 February 2030, underpinned by annual CPI reviews. The tenancy returns $39,729 per annum plus outgoings of $3,310.75 per month (excluding GST). With three additional five-year renewal options, this tenancy offers substantial future stability and a reliable income profile.

Shed A is leased to Morris Electrical Pty Ltd under a two-year fixed-term lease commencing 1 August 2015, with the current term expiring 28 February 2027. The tenancy provides an annual rental of $29,520 plus outgoings of $2,460 per month (excluding GST), with annual CPI reviews ensuring consistent value growth. Two further two-year renewal options reinforce ongoing occupancy potential.

2A Meredith Street is a versatile commercial property positioned within a well-established industrial precinct, offering a diverse income stream from three dependable, long-term tenants across workshop, engineering and trade-based uses. The property structure allows for functional access, practical circulation and a layout that supports a range of commercial and light-industrial operations.

Communal parking allotment with space for all tenancies to share as well as additional on street parking.

Strategically located within the Newton commercial corridor, the address benefits from close proximity to major arterial routes, facilitating efficient logistics and convenient access for trade-based businesses. The surrounding precinct features a blend of established commercial operators, service industries and supporting infrastructure, contributing to strong tenant demand and sustained occupancy levels.

This tightly held location continues to appeal to investors seeking secure, CPI-indexed income with long-term tenants and flexible renewal options.

Don't miss this outstanding opportunity to secure a solid asset with room for future upside. Contact us today for more information.

Norwood RLA 278530

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property Details:
Council | CAMPBELLTOWN CITY COUNCIL
Zone | TBC
Land | 1418sqm(Approx.)
Floor| 936sqm(Approx.)
Built | TBC
Council Rates | $3761.85pa
Water | $464.62pq
ESL | $1944.55pa