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157-159 Gouger Street, Adelaide, SA 5000

157-159 Gouger Street, Adelaide, SA 5000

Retail Other

  • For Sale
  • Contact Agent
  • For Sale

  • Land Area
  • 300.00 m² (approx)
  • Floor Area
  • 700 m²
  • Last Updated
  • Mar 29, 2021
  • Car Spaces
  • 1

Interested in this property? Contact an Agent today

Belle Property Commercial - Adelaide

177 Grote Street

Adelaide SA 5000

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

157-159 Gouger Street, Adelaide, SA 5000

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