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ICONIC BUILDING, 95/1 PATTERSON STREET Whyalla, SA 5600

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ICONIC BUILDING, 95/1 PATTERSON STREET,
Whyalla, SA 5600

Shops & Retail

Price information

Sale

$520,000

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Land area

Floor area

Parking info

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Municipality

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Map of ICONIC BUILDING, 95/1 PATTERSON STREET

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ICONIC BUILDING

  • IN THE MAIN STREET
  • GREAT INVESTMENT OPPORTUNITY
Fantastic once in a generation opportunity to purchase the building with the best position in Town.

Beautiful double storey building featuring multi internal levels on the sunny side of Patterson Street / Darling Terrace corner of the Whyalla City Plaza. The north facing building features a deep wrap around verandah to provide shade for the generous ground floor window spaces on both street sides. The building could have future uses for retail or offices, being in such a prominent location.

The current owners have decided to retire this year and are seeking to on-sell the building to new owners to carry on the tradition of either retail trade or prominent office spaces, which could be occupied by one or more tenants in the City Plaza. The street level premises feature three levels and have 5 Aluminium roller grills for added security, plus a burglar alarm.

On the Mezzanine level is a large meals area and a new, fully tiled corner set basin and toilet have recently been installed.

The premises, including the upstairs area (accessed via separate door) are fully air conditioned with 5 refrigerated reverse cycle units and an internal overhead fan. With 5.7kw solar panels and due to a large number of LED lights, the electricity account remains low. One or both Chubb safes on the main level can be negotiated in the overall sale, if required by the new owner.

The upstairs level has recently been modernised and has 2 kitchen areas, 3 dedicated rooms (all with A/C), a large waiting room (A/C as well). Most rooms feature wooden veneer floorboards. All rooms have large north or west facing sweeping cityscape views letting in brilliant sunlight. Separate male & female toilets are also on this level.

An outstanding opportunity for the savvy buyer to enjoy the prime position in Town. Combined rent received for all 4 levels of the premises would achieve an expected return of 7-8% per annum. Peter Calliss will be happy to show any prospective buyers the premises at a suitable time.

RLA 2154


Property ID: 504507968Last Updated: 31 Jul 2024

08 8645 81...
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ICONIC BUILDING, 95/1 PATTERSON STREET
Whyalla, SA 5600

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