2021: a time when holiday-at-home tourism will become a major growth vector and demand from plains-dwellers for the comfort and security of large allotment premium Hills properties is likely to accelerate even beyond 2020 levels. A great time to be in on an Adelaide Hills' boom.
And the gem of Hills' locations is Woodside, a charming town that is not only a tourism hospitality hub - cafes, restaurants and pubs - but also a significant daily shopping and service stop for locals, whose population is set to grow with new development at nearby Inverbrackie. Some 7,000 vehicles currently use the main street each day.
The commercial value of Woodside is reflected in business property rentals, presently sitting at around $225/sqm per annum, a rate that offers a great return on investment and explains why few properties come on to the market.
With this well-located main-street property comes an even rarer flexibility: establish your own business - specialist retail, consultancy or cellar door; develop the property over a greater proportion of the 582sqm site; or simply secure a good rental return from a relatively modest investment.
The brick building has good street presence, an inviting display window lighting a very generous reception or retail area. With five subsidiary rooms - currently used as meeting room, offices, staff-room and storage - this is a commodious little building, with as-new carpet and neutral finishes. A bathroom (with shower) completes the floorplan. All off-street windows have security bars and external doors are fitted with deadlocks.
A right-of-way from the main street provides good off-street parking for staff or customer loading. This car park area would allow extensions to occur (STC) while maintaining use in the existing building, a cost-effective segue into expanded floor space and returns.
The property is currently leased (until end August 2021) providing immediate returns. Be quick to inspect!
• Rare commercial offering in high-traffic mainstreet Woodside
• Strong rental returns (c$225/sqm pa) c7.21% annual return
• Ideal for retail, consultancy, tourism business
• Potential for redevelopment, remodelling or extension
• 582sqm block with 140sqm brick building
• Large retail/reception area with r/c a/c
• Five additional rooms for retail, storage, offices etc
• Bathroom
• Quality carpeting throughout
• Wall a/c to most rooms
• Security fittings to windows and doors
