Belle Property Commercial Adelaide is delighted to present an exceptional opportunity 20 William Street, Norwood, for sale by way of expressions of interest.
Comprising a delightful sandstone bungalow with adjoining café, this unique property stands proudly at the corner of William and Charles Street in the highly coveted inner-city suburb of Norwood.
At the core of this property is 'Running Cup', a beloved café that has been a fixture in the Norwood community for many years. With a warm ambiance, tasteful decor, and a loyal and ever growing customer base, we expect this café will thrive well into the future as Norwood continues to experience significant gentrification resulting in increased investment and tenant demand for the precinct.
Attached to the café is a beautifully restored sandstone bungalow residence with three bedrooms and two bathrooms. Inside, you'll discover generously proportioned and tastefully renovated living spaces. Adding to its appeal, this home graces a coveted corner allotment, making it a truly rare find.
The Café has a commercial lease in place until May 2029 with a further option for 5 years. The residential home is offered with vacant possession, leaving options for investors, owner occupiers, and the opportunity for refurbishment if desired.
Whether you're considering 20 William Street for personal occupancy or as dual investment opportunity, the property's mixed-use appeal makes this property extremely rare.
KEY HIGHLIGHTS: Unique Commercial / Residential opportunity Leased investment with dual income potential Prized Corner allotment of 398 sqm* Some 365 sqm* of total building improvements 20 m* frontage to William Street & to Charles Street Devoid of any heritage constraints 330 metres* to Norwood Parade and to Kensington Road
The Cafe Café 95 sqm*+ a large 72 sqm* of charming undercover alfresco dining Fully equipped kitchen/preparation area and cellar Leased until 2029 with a further option of 5 years
Residence Residence 122 sqm* + Carport Attached bungalow residence comprising 3 bedrooms, including a master with ensuite Spacious dining and formal living rooms with decorative ceilings Ornate fireplaces and lead-lighted windows throughout Well-equipped kitchen with gas stainless steel appliances Separate bathroom and laundry Ceiling attic for additional storage Private brushed fencing for year-round privacy Abundant natural light and a bright ambience Undercover parking for up to 2 cars, with space for up to 4 cars in the driveway Character verandah with extensive paving
Norwood's vibrant neighbourhood boasts a thriving dining scene, scenic walking trails, and excellent shopping options. The historic streets of William and Charles add to the area's charm.
This property, encompassed within one Certificate of Title, is hitting the market for the first time in decades, making it an unmissable chance. Unique properties such as 20 William Street, Norwood do not arise frequently, don't miss out on this opportunity.
For Sale via Expressions of Interest Closing Friday 10th November 2023 at 4pm. (ADCT) unless sold prior.
**Inspections are strictly via appointment only.**
**Last Open Thursday 9/11/2023 2.30-3.00pm**
Please contact the exclusive selling agents for further information.