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157-159 Gouger Street
Adelaide SA 5000
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157-159 Gouger Street Adelaide SA 5000

  • Shop & Retail
  • 685 m²
  • For Sale, Contact Agent

Leased Investment Plus Residence

    Belle Property Commercial Adelaide are pleased to present 157-159 Gouger Street for sale by private treaty. Currently operating as Ming's Palace, 157-159 Gouger Street is a double storey building housing an iconic Chinese restaurant with an almost 30 year history.

    The subject property is a highly appealing opportunity to both investors and owner occupier businesses as it is in a booming location. The property is sure to provide strong capital appreciation and rental growth over the years.

    Key property highlights include:
    - 384.3 sqm* site area
    - 311.27 sqm* ground floor and 373.85 sqm first floor (residence)
    - Strong projected annual income
    - Ample street parking & rear lane access
    - Good capital growth

    GROUND FLOOR
    Home to Ming's Palace, an iconic restaurant with a 30 year history and speciality dishes that are reputably the best in Australia.

    UPPER RESIDENCE
    The spacious upper residence comprises 6 bedrooms and 3 bathrooms, along with kitchen, dining and living areas. It is currently owner occupied.

    With the property being in an ideal CBD location for students, close to universities, restaurants and public transport, this is an excellent rental potential or a luxurious home.

    Contact Alan Lim for further information.

    *Approx

    RLA 287 133

    Property Highlights

    Floor Area685 m²
    Land Area384 m²
    Parking1 x Onsite parking
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2015396494
    Category
    Last updated  15 May 2024
    Map for 157-159 Gouger Street Adelaide SA 5000

    Property Highlights

    Floor Area685 m²
    Land Area384 m²
    Parking1 x Onsite parking
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2015396494
    Category
    Last updated  15 May 2024

    Listed by

    Alan Lim
    Belle Property Commercial Adelaide
    Call
    0404 923 695

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