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Belle Property Commercial Adelaide are pleased to present 157-159 Gouger Street for sale by private treaty. Currently operating as Ming's Palace, 157-159 Gouger Street is a double storey building housing an iconic Chinese restaurant with an almost 30 year history.
The subject property is a highly appealing opportunity to both investors and owner occupier businesses as it is in a booming location. The property is sure to provide strong capital appreciation and rental growth over the years.
Key property highlights include: - 384.3 sqm* site area - 311.27 sqm* ground floor and 373.85 sqm first floor (residence) - Strong projected annual income - Ample street parking & rear lane access - Good capital growth
GROUND FLOOR Home to Ming's Palace, an iconic restaurant with a 30 year history and speciality dishes that are reputably the best in Australia.
UPPER RESIDENCE The spacious upper residence comprises 6 bedrooms and 3 bathrooms, along with kitchen, dining and living areas. It is currently owner occupied.
With the property being in an ideal CBD location for students, close to universities, restaurants and public transport, this is an excellent rental potential or a luxurious home.