STIRLING,

For sale

Freehold property $1,400,000

Commercial Investment with Long Term Tenant

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 a $100,000 + GST per annum (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 to be $100,000 per annum + GST (to be negotiated) with a long term lease of 5+5+5.

Melanie Winter 0408 085 932

TenantedNo

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R&H Suburb Profile: Stirling

R&H Suburb Summary Houses
Number of sales 49
Average Price $807,166
Median Price $720,000
Median Rental Price $600 p.w.
Change in Rental Rate (5yr) 17 %
R&H Suburb Summary Units
Number of sales 3
Average Price $580,000
Stirling, SA - Median Trend