Property Details for 20 Commercial St, Burra
Last Listing description (July 2024)
Vendor says SELL!
Perfectly located on the main street of Burra this family run business is now on the market for the first time in 11 years making it ready for the new owners to run with it and make it their own flourishing business. Ian 'Parky' Parkinson has become a local identity of Burra and is now set to retire so you have the chance to buy his thriving business.
The business is well supported by locals, growing wind & solar farm renewable energy sector, tourists, local tradies as well as nearby townships, being the only Hardware store in the area.
Whilst there is a competitive lease rate, there is an opportunity to discuss with the landlord the option to also purchase the building freehold.
The business has shown constant sales and increased turnover since the current owner took over 11 years ago with current turnover being over $1,000,000 in sales and solid profit margins. If you are handy by nature and looking to expand your current business or looking to start your own business, this would be the ideal setup for an individual or couple with the current owner willing to stay for a month and help you get things started for you.
With support in place by the Thrifty-Link franchise the current owners have thoroughly enjoyed their time in the Burra community but now looking to retire and enjoy some quieter times.
NB: The premises is available by negotiation on top of the business, and as an added bonus, if you're also looking for a residence, the vendors will also discuss options around the nearby home they have created.
The store has plenty of street parking, rear lane access for larger vehicles, access to a spare shed for added storage options, is close to all main street specialty shops like the bakery, hotel, Elders Rural Products Storefront and much more. This is a great time for the new owners to find ways of improving store awareness and expanding the business to your desired levels.
Burra is a great community environment where people call you by your name, take an interest in your lives, whilst being close to Clare Valley and within easy 2 hours drive of Adelaide.
For further information, or to arrange an inspection, please contact Damien Geyer on 0438 878 181.
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. Elders Real Estate RLA62833
Property History for 20 Commercial St, Burra, SA 5417
- 01 May 2024Listed for Sale CONTACT AGENT
- 04 Aug 2023Listed for Sale CONTACT AGENT
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About Burra 5417
The size of Burra is approximately 441.6 square kilometres. It has 28 parks covering nearly 0.9% of total area. The population of Burra in 2016 was 1103 people. By 2021 the population was 1112 showing a population growth of 0.8% in the area during that time. The predominant age group in Burra is 60-69 years. Households in Burra are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Burra work in a managers occupation.In 2021, 70.70% of the homes in Burra were owner-occupied compared with 69.00% in 2016.
Burra has 985 properties. Over the last 5 years, Houses in Burra have seen a 66.59% increase in median value, while Units have seen a 64.81% increase. As at 30 April 2026:
- The median value for Houses in Burra is $409,164 while the median value for Units is $278,204.
- Houses have a median rent of $400.
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