96 OLD MOUNT BARKER ROAD, Stirling

*NO LONGER FOR SALE*

COMMERCIAL INVESTMENT - ESTABLISHED TENANT SECURED ON LONG TERM LEASE

SALE OF PROPERTY ONLY - BUSINESS IS UNAFFECTED

Conveniently located on the outskirts of Stirling, within easy access to the South Eastern Freeway, this stunning property comprises a fabulously presented cooking school facility, plus three outstanding, superior quality tourist accommodation Villas, on a total site area of approximately 2,300 sqm.

The building at the front of the site has been lovingly designed and upgraded over recent years with a stunning Balinese theme and enjoys excellent street appeal with skillful use of glazing and natural products. Home to the famous Sticky Rice cooking school, internally it comprises a spacious dining area, store rooms and office combined with a large and impressive kitchen area utilised for the cooking school. There are two toilet facilities, a walk in pantry and wash up area at the rear of the building. Immediately behind the main building is a courtyard, again presented to high standards. Utilised for bar-b-que cooking courses, it is partly covered by a Balinese hut, with a water feature completing the overall tranquil ambience of the space.

Towards the rear of the property are the Villas, plus car parking. The three architecturally-designed Villas opened in 2013, offering new level of luxury accommodation for the Adelaide Hills. All three Villas are fully self-contained with stylish décor, stunning kitchens and bathrooms, with polished concrete flooring with under floor heating. A true appreciation of the Villas can only be obtained by inspection where you will view the architect’s fastidious attention to detail, the amazing floor to ceiling glazing overlooking the tropical-feel landscaping, and the modern designer fixtures and fittings.

The award winning Sticky Rice Cooking School and Villas are a family owned and run business, originating from 2008. Both the Cooking School and the Villas continually attract a constant stream of clientele and are now very much established in this location. The business is unaffected by the sale and will continue to run from here into the future without disruption. The real estate that the business operates from is the element being offered for sale, with the benefit of a long term lease providing a secure rental income stream for an astute investment purchaser.

The business will enter into a commercial lease, providing the purchaser with immediate rental income from the date of settlement, proposed to be structured as follows:
Lease Term: 5 + 5 + 5 year lease
Net Rental: $105,000 pa (+ GST). Outgoings to be recovered from the tenant.

The property is Torrens Titled.

Surely, one of the Adelaide Hills’ most enviable properties. Note, inspection is by appointment only, so as not to interrupt the very successful business operations.

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

Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346