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Overview
ICONIC BUILDING IN GREAT CORNER LOCATION
This iconic two-level commercial building offers approximately 307 square meters of versatile space in a commanding and highly visible corner location. Situated in a prosperous eatery precinct, the property provides a stylish and cosy atmosphere that is well suited for hospitality or retail use.
The building benefits from outside dining areas on both O'Connell and Tynte Streets, enhancing its appeal for food and beverage operators. It holds a restaurant licence permitting up to 165 patrons, making it an excellent venue for dining and entertainment.
The property is currently leased under a long-term agreement comprising three consecutive five-year terms, providing stable income and security for investors. Additionally, there is further development potential subject to council consent, offering opportunities to enhance or expand the existing facilities.
Located on O'Connell Street in North Adelaide, this property represents a brilliant opportunity to invest in a vibrant and evolving precinct. The area is undergoing new developments, promising increased foot traffic and commercial growth.
Additional features include zoning under CMS - City Main Street and CiHS - City High Street, which supports a range of commercial uses. Council rates are approximately $13,235.20 per year.
This property is ideal for investors or business owners seeking a prominent position in a thriving commercial hub with excellent exposure and amenities.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
North Adelaide SA 5006
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 307 m² |
Market Insights for North Adelaide SA 5006
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