Nestled in the heart of Naracoorte, 81 Smith Street stands as a proud testament to the region’s rich commercial history. Originally constructed in 1873 as a purpose-built bank, this iconic building underwent a significant remodel in 1956, adding a modern banking chamber to its southern side. With its distinguished architectural features, blue-chip lease, and historical significance, 81 Smith Street presents a unique and appealing investment opportunity for those seeking to own a piece of Naracoorte’s vibrant history.

81 Smith Street Naracoorte has a fascinating history that dates back over a century. Originally designed as a bank, the building was constructed with meticulous attention to detail, boasting coursed random limestone walls and elaborate dressed stone detailing around the Smith Street entrance. Its classical Georgian proportions and intricate craftsmanship were a testament to the architectural grandeur of its time. In 1956, the present banking chamber was added to the southern side, further enhancing the building’s functionality while respecting its original design.

As the largest agricultural bank in the area, 81 Smith Street holds a central position in Naracoorte’s bustling commercial landscape. Throughout its existence, the building has served as a vital hub for agricultural business finance, supporting local sheep, cattle, and wheat farming industries. Additionally, Naracoorte’s prominence as a regional livestock exchange and a global protein food processing plant further solidifies the economic stability and investment potential of the region.

Strategically located at the intersection of Smith Street and Ormerod Street, 81 Smith Street commands attention as a prominent cornerstone of Naracoorte’s central business district. Its prime position, surrounded by vibrant commercial activity, makes it an ideal investment for businesses seeking to establish a strong presence in the area. Furthermore, the building’s proximity to popular wine regions and renowned natural attractions, including the world heritage Naracoorte Caves, ensures a steady stream of tourism, enhancing the region’s economic security and attractiveness for secure investment.

This iconic historic bank is currently leased to National Australia Bank, offering attractive ongoing lease conditions and a strong indication of their desire to continue occupying the premises until at least 2033. The building’s stately stone façade houses a modern banking chamber, complemented by well-appointed offices and staff amenities. A corporate fit-out, featuring advanced security and building management systems, ensures a seamless and secure banking environment. The prime site also boasts ample onsite hardstand off-street car parks, catering to the needs of both staff and customers.

Prospective buyers of 81 Smith Street can expect the following key features and benefits:

1. Current Lease Term: The property is leased to National Australia Bank until January 13, 2027, providing a secure and consistent income stream.
2. Rights of Renewal: The lease includes two rights of renewal, extending until January 14, 2033, with annual fixed increases of 4%, ensuring long-term stability and potential for growth.
3. Strategic Location: The building’s sprawling presence over the prominent CBD feature roundabout grants it high visibility and accessibility for customers and clients.
4. Well-Equipped Spaces: The building encompasses a modern banking chamber, well-designed offices, and a dedicated boardroom, providing a professional and functional environment for business operations.
5. Corporate Fit-Out: The property boasts a corporate fit-out with advanced security and building management systems, ensuring the safety and efficiency of banking operations.
6. Onsite Parking: Ample onsite hardstand off-street car parks at the rear of the building cater to the parking needs of staff and customers alike.
7. Size and Land Area: With an internal area of approximately 544 square meters and a land area of approximately 836 square meters, the property offers spacious and versatile spaces for various business needs.

This property could be yours to own! An iconic historic bank, presents a compelling proposition for investors seeking a tangible piece of Naracoorte’s commercial legacy. With its rich history, blue-chip lease, and strategic location at the heart of Naracoorte’s thriving business district, this property offers not only a secure investment but also a chance to be a part of the region’s vibrant past and promising future. Don’t miss the chance to embrace the legacy and secure a landmark investment in 81 Smith Street Naracoorte

NOTES:
Titles, Records, and Photos supplied by the Mount Gambier History Group