Commercial Investment with Long Term Tenant

Freehold property $1,400,000

Web ID: S9916

Business Description

Freehold Property: 96 Old Mount Barker Road, Stirling

Currently home to the famous Sticky Rice Cooking School and Villa Accommodation – the business will remain unaffected and will negotiate a long term lease at $100,000 per annum + GST (to be negotiated).

Nestled on the outskirts of the picturesque suburb of Stirling in the Adelaide Hills only moments from the South Eastern Freeway. The 2,100 square metre property's original building, which dates back to the 1940s, functioned as a hub for the local community and was once a post office, then a deli, then a multipurpose retail space. The building underwent extensive renovation, taking on an Asian theme to create the basis of what is now the well known Sticky Rice Cooking School, including upgraded reception/ entry foyer, private office space, large open plan cooking area and extensive outdoor cooking space.

In 2012, tucked behind the original building , three architecturally designed B&B villas were built. Away from the road and with an onsite car park and private enclosed gardens, all the villas are both luxurious and peaceful. Comprising a spacious 70m2, each have their own private courtyard, a well-appointed Jag kitchen, under floor heating, reverse cycle air conditioning, remote controlled block out blinds, a huge bedroom, ensuite bathroom and magnificent private garden, showcased through the floor to ceiling windows and French doors.

The business will continue to operate as normal and will enter into a long term lease upon settlement with the new owner. The rent is $100,0000 + GST per annum (to be negotiated) with a long term lease of 5+5+5.


 

Melanie Winter 0408 085 932


Extended Price Information

Freehold Property $1,400,000
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$1,400,000


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Lease Summary

Current Rent $100,000 per annum + GST (to be negotiated)
Lease Term 5 years
Lease Commencement Date of settlement
Right of Renewal 2 x 5 years
Outgoings To be paid by tenant
Current Rent
Current Rent

Freehold Summary

Total Land Area 2,124 square metres
Certificate of Title Volume 5183 Folio 853
Zoning Residential - Country Living
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