162 St Vincent Street

Port Adelaide SA 5015

Presenting a rare opportunity to secure a north-facing Victorian Terrace building in the heart of Port Adelaide's heritage and commercial precinct.

Spread over 3 levels, this meticulously restored and sympathetically modernised property comprises a two-story residence, separate main road commercial/retail space, large cellar and rear courtyard, complete with secure parking.

The residence exudes elegance, style and sophistication and is a fine example of sympathetic design. Upon entering the landscaped rear courtyard, the bluestone facade is a reminder of the building's history and robust structure. Entering into a stunning open plan living area with modern kitchen and dining, the adjacent staircase leads up to two large bedrooms, a generous bathroom, a separate toilet, laundry and huge lounge room with arched windows which open on to a balcony overlooking the best of Port Adelaide's heritage streetscapes. Feature packed with original fireplaces, timber floors, architectural light fittings, pressed metal, high-spec kitchen and high ceilings with ornate cornices and ceiling roses. The home's proximity to shopping and entertainment precincts provides a highly convenient urban lifestyle. And with all the hard work already done, just move straight in and start living the dream.

The separate commercial/retail space is situated in a prime central location directly opposite the council chambers and town hall. A versatile and well-proportioned layout will appeal to a broad range of high-calibre tenants. Beautifully presented and in keeping with the rest of the building, the heritage charm continues with antique light fittings, large picture windows, timber floors and ornate cornices. Vacant possession.

Accessed separately at the rear of the building, a staircase leads down to a huge bluestone/brick cellar.

For the discerning investor, this property presents extremely well. It offers up to three tenancies (house/shop/cellar) and scope for reconfiguration to suit the owner's needs. The lucrative "Urban Activity Centre" zoning adds more value and immense long-term opportunity. Low overheads translate into higher net yields. The big end of town is leading the revitalisation of Port Adelaide - examples being the nearby Globe Hotel, the Marine and Harbours Hotel, the Colac Hotel and the significant Rydges Hotel development. Invest now because when complete these developments will set a new price benchmark.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.