9 Rankine Street,
Strathalbyn, SA 5255

High quality restaurant premises with first floor residential apartment, located in the beautiful town of Strathalbyn.

The property is offered for sale with vacant possession.

In the short term, the premises are operating as ‘Leo’s of Strath’ which has regularly enjoyed the top spot on Tripadvisor’s restaurant rankings. The tenant will vacate once a purchaser is ready to settle in order to fully focus on other existing business ventures.

PROPERTY
The layout of the building has been cleverly designed combining practicality and style. The exquisitely presented restaurant area seats 60 with further capacity for many more utilising the rear courtyard area for alfresco dining and functions. In all, the restaurant is licenced for up to 100 persons. The purpose built kitchen has been extremely well planned in its layout, linking with delivery access plus storeroom and coolroom. A separate servery area at the front of the building with its own entrance and link through to the kitchen enables a takeaway service to be operated without any disturbance for the main restaurant. The stylish bar to one side of the restaurant and the wine cellar with staircase access, complete the restaurant’s classy ambiance.

Male, female and disabled access WC’s plus a laundry are located in a separate block adjacent to the rear courtyard. A car park/rear yard, plus a car port and garage/retreat are located at the rear of the site.
The building is equipped with reverse cycle air conditioning – a cassette system in the dining area and a ducted system elsewhere.

On the first floor there is a spacious two bedroom, two bathroom apartment. The apartment has its own entrance but is also internally linked to the restaurant. A private balcony spanning the width of the building, provides serene and elevated views towards the adjoining Angas River Linear Reserve.

Approx net internal areas:
Main building ground floor 207 sqm
Wine cellar 20 sqm
Amenity block 32 sqm
First floor apartment 90 sqm
First floor balcony 22 sqm
Car port & garage/retreat 70 sqm

Site Area approximately 1,100 sqm
Frontage to Rankine Street of approximately 15.5m
Zoned within Dawson Street Historic (Conservation) Policy Area 1 (Alexandrina Council)

LOCATION
Strathalbyn is a charming and historic town located approximately 56 kms south-east of Adelaide. It enjoys a steady stream of visitors who come to explore the historic town’s architecture, antiques, arts, crafts and coffee shops. The town is also a central business and retail hub for the surrounding area. It captures holiday traffic travelling on to Lake Alexandrina and the southern beaches of Goolwa, Middleton, Port Elliot and Victor Harbor, plus the nearby wine regions of Langhorne Creek and Currency Creek.

For further information please contact business sales and commercial property specialists, VENTURE COMMERCIAL RLA 251076:

Harry Sanders 0431 057346
or Nigel Grivell 0414 257 999