104 Main South Road, Yankalilla

*SOLD BY VENTURE COMMERCIAL*

PROPERTY INVESTMENT SALE - POPULAR BAKERY, PLUS MORE

Positioned in the heart of Yankalilla on a corner site adjacent to the Foodland supermarket, this property will be well-known to many. It is the home of the popular ‘Yankalilla Bakery’ which enjoys an outstanding reputation amongst locals and tourists alike. The town sees a huge number of holiday visitors travelling through, especially during summer months.

The majority of the ground floor is subject to a long term lease to the bakery. The balance of the property is vacant and provides further scope for rental return, including an adjacent ground floor shop/office, plus significant space at first floor level.

A verandah extends across the entire 30 metre main street frontage of the building and wraps around the eastern corner fronting the access road to Yankalilla Memorial Park, the town’s sporting complex and oval. There is outdoor dining space beneath this return portion of the verandah.

Internally, the bakery tenancy is spacious in both its front of house servery and dining area, plus production space at the rear. All equipment is under the tenant’s ownership and therefore does not form part of the sale.

The amount of accommodation on the first floor is significant. Portions have previously been leased as office space and could be again, otherwise there may be scope for conversion to residential accommodation (STCC).

Ground floor level – approximately 573.5 sq.m
First floor level – approximately 378.2 sq.m

Total site area is approximately 1,030 sq.m.

The property is Torrens titled.

In addition to the main site, the property package also includes a block (separate Torrens Title) on the opposite side of the road of approximately 820 sq.m, developed as a 24 space Car Park – 95 Main South Road.

The bakery is secured on a lease until April 2023, with two 5 year renewal options thereafter. The current net rent is $72,621.84 + GST pa, subject to annual CPI rent reviews, with market reviews upon commencement of the renewal terms.

Investment return can be further enhanced through leasing the balance of the property.

‘Town Centre’ zoning, District Council of Yankalilla.

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Harry Sanders 0431 057 346
Nigel Grivell 0414 257 999