Imposing landmark two storey Bluestone Building (circa 1885) in immaculate condition..
Comprising eight main rooms and dry cellar, which is currently vacant and offers wonderful flexibility and a further separate contemporary retail building currently leased and operating as a cafe. The large-scale improvements are situated on a total land holding of approximately 273 square metres.
The improved areas are estimated to be as follows:
Bluestone character building:-
Ground floor: 115sqm (approx.)
First floor: 115sqm (approx..)
Cellar: 8sqm (approx..)
Total: 238 sqm (approx..)
Ground floor: 155sqm (approx..)
Mezzanine: 39sqm (approx.)
Total: 194 sqm (approx.)
The contemporary building is currently leased to a cafe at $58,492.93 per annum plus GST plus outgoings providing good rental income.
This freehold property is magnificently and prominently located overlooking beautiful Wellington Square in the heart of North Adelaide, a short walk to cosmopolitan O'Connell Street and Adelaide Oval and only minutes drive to the Adelaide CBD.
Landmark properties of this calibre in North Adelaide are very tightly held and rarely offered to the marketplace and due to its attractive presentation and superb character offers a very appealing freehold opportunity, and presents great flexibility as office or residential (subject to all necessary council consents and approvals).
Auction: Saturday 25th August 2018 at 11am (unless sold prior)
Charles Booth 0408 898 287