24 Main North Road

Auburn SA 5451

Properties of the calibre do not hit the market often. Step back in time to yesteryear to feel the ambience, character and charm as you wander this two-storey terraced property. The heritage significance of the old boot factory built in 1865 was instrumental to the mid-north and picturesque town of Auburn in the Clare Valley in the 1850s. The property has had many uses over the last century including antique shop and cellar door and lends itself to a plethora of business uses.This magnificent bluestone building now incorporates three individual premises all tenanted and a fabulous return for the astute buyer. The property has shop front and two residences, with a floor plan that is flexible for business, bed and breakfast, rental and live-in accommodation.A chemist occupied the downstairs space. Their commercial tenancy is fixed term to 30 June 2025, however a new owner may wish to occupy this space for their own business venture or re-lease. The downstairs incorporates open plan space, original picture windows, French doors, polished floors, a small kitchenette, plus bathroom.The top floor is "The Loft" a fabulous two-bedroom apartment currently tenanted 4 days a week and B&B the other three nights. A perfect blend of original architecture with modern touches. There are two bedrooms, the main bedroom also has the living space, the bathroom is gorgeous and the country kitchen very functional with good cupboard space, oven, and cooktop. There is also good parking to the Loft.At the rear of the property a two-storey apartment, currently tenanted. This gorgeous residence has a country eat-in kitchen, fabulous living room, separate sitting room or 2nd bedroom, bathroom and European style laundry, upstairs there are two spacious rooms, one a king size bedroom and the other room a dressing room and study. Sensational cottage gardens, stone workshop, levelled spaces and divisions are all features on the outside.This fabulous property has so much to offer, the character and charm of the property is appealing to large range of prospective buyers including those with business acumen for investment. You can live in one, run a business from the other, or you can continue the current tenancies. The property is perfectly located in the Auburn village, across from the renowned Ulster Park & KT Wine Cellar Doors, The Rising Sun hotel, Velvet and Willow cellar door, cafe, and gardens, plus walking distance to many more cellar doors, cafes and supermarket.A fabulous investment, fully tenanted:The Apartment tenanted to March 2026 - $15,600/annumThe Chemist tenanted to June 2025 - $16,500 /annum + GSTThe Loft tenanted M-Th - $13,000 pa, then Air BnB bookings Fri-Sun, public holidays FYE 23 $18,000 FYE 24 $19,000.