Superbly positioned and nestled within Port Adelaide's Heritage Precinct on Devitt Street lies this fantastic commercial opportunity providing flexible use options and valuable amenities. Currently tenanted as a licensed wine bar, the property is a popular boutique destination where patrons experience quality live music and top-shelf liquor service surrounded by plaster-exposed brick walls of the 19th century and dimmed, atmospheric lighting.
Advantageous features are in abundance and listed as follows:-
- One Torrens Title, distributed over Two Levels, each with its own front access point and appointed street address (3 & 5 Divett St)
- 3 Street Access Points- Divett Street (Front), Lighthouse Lane (Rear) and Commercial Road (via side Easement).
- Total Lettable Area of approximately 340sqm made up of the main front bar/ seating area, commercial-grade kitchen, courtyard beer garden, large cellar and upstairs open plan studio.
- Sold with an Easement (Right of Way) which provides access from Commercial Road. With 3-5 Divett St favourably positioned at the end of the Easement, the tenancy enjoys an additional licensed sitting area.
- Rear access from lane way to double lock up garaging
- Increase and diversify the rental income stream by creating two self-contained tenancy areas and using both front door access points.
- Fantastic street parking availability (2hrs free 8-6pm)
- Site Area: 224.6sqm
- Zoned as Urban Activity Area (Heritage Precinct) not Heritage Listed
- Currently tenanted to Fossils Wine Bar at $70,304.00 p.a. + GST (net)
- Outgoings: Recovered from Tenant
- Fixed Annual Reviews of 4% increase
- Lease Term 5 years (expiry 13/11/26) with a further option of 5 years
Please contact Nic for more information and to organise a private viewing.
Property Code: 2487
