Substantial land-holding with multiple buildings, residence(s) and commercial income streams - surely one of Hahndorf's most impressive Main Street properties!
The complex extends over a total site area of approximately 4,800 sqm, the main front section comprising the developed built area, and the magical rear section accessed via bridge over the creek set to areas of green lawns studded with beautiful gum trees, providing a rare sense of peace and tranquillity so close to Hahndorf's busy Main Street.
At the front of the site there are two heritage buildings, commercially leased, enjoying Main Street frontage and exposure to the vast numbers of visitors the town attracts year-round. These building comprise the beautiful stone building, originally 'Thiele's Cottage' (reported to have been built in 1845), currently occupied by Landhaus Estate Wines as their cellar door, tasting room cellar, offices and stores, plus loft area providing further usable space. Wander through and see the beauty of this building simply stunning!
The second building, positioned at the front of the site, is 'The Blacksmiths' a timber-framed and timber-clad barn that operates as a busy café. In recent years a modern specification toilet block with disabled access has been constructed behind this building to adequately provide the necessary approvals to support the commercial uses.
Further into the complex, the delightfully presented double-storey stone-walled buildings, provide space for established commercial tenants currently another cellar door (Sam Scott Wines) and office space for a telecommunications/internet provider and an insurance broker. These buildings were constructed after 1989, but were designed to present in a complementary heritage style. In amongst the buildings are wonderful alfresco seating areas positioned beneath shady trees.
Next, a wonderfully presented stand-alone, two storey building known as 'Thiele House Retreat', provides luxury bed and breakfast accommodation, so popular that the space tends to be booked out for every weekend of the year. The spacious floorplan provides four bedrooms, two bathrooms, plus third WC, lounge, living and dining areas, plus verandah and balcony areas. It has proved hugely popular with guests, in particular those who are either getting married in Hahndorf or attending weddings and function events.
The last building within the complex again is two storey, with a secure three-car garage and a workshop/store on the lower level, and a cosy and private well-apportioned apartment on the upper level, enjoying the most wonderful leafy views over the rear of the property. This is a one-bedroomed apartment, plus study/second bedroom, with spacious modern kitchen/diner/lounge. The space is bathed in natural light via the large glazed sliding doors which open out onto the balcony.
The garden areas at the rear of the site have been used privately by the owners for most of the year, but such is their scale and ambiance, that they have been a sought-out site for special event operators such as the 'Gathered Design Markets' who have held their Christmas event at this site with great success in recent years, plus there has been plenty of enthusiasm for this site as a wedding venue. The creek can be crossed by a main bridge (engineered for vehicle traffic) and also a foot-bridge.
This property sale presents an opportunity for a new owner to enjoy a rental income stream from various components of the property, with the added option of either residing on site within one of these magnificent buildings, or boosting the accommodation business to maximise returns there is certainly the demand in this ever busy tourist town to profit through further commercial enterprise.
In addition to the present owners' private residence, the property currently generates approximately $164,693 net income per annum (based on 2022 figures for Thiele House). Rental uplifts are expected as a number of the commercial tenants' leases are due for market reviews this year. With Hahndorf continuing to experience high demand in the commercial leasing space (there are currently no vacancies) there is certainly opportunity to rapidly improve the yields currently achieved.
The property is offered FOR SALE at offers in excess of $4.0 Million (plus GST if applicable).
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
For Sale in conjunction with Harcourts Adelaide Hills RLA158908
58 Gawler Street Mount Barker
Trent Shorland 0413 519 954
