OPENING INSPECTION ON FRIDAY THE 31ST OF MAY FROM 11:30am to 12:30pm

Superbly positioned and nestled within Port Adelaide’s Heritage Precinct on Devitt Street lies this fantastic commercial opportunity providing flexible use options and valuable amenities. Currently tenanted as a licenced wine bar, the property is a popular boutique destination where patrons experience quality live music and top-shelf liquor service surrounded by plaster-exposed brick walls of the 19th century and dimmed, atmospheric lighting.

Advantageous features are in abundance and listed as follows:-

- One Torrens Title, distributed over Two Levels, each with its own front access point and appointed street address (3 & 5 Divett St)

- 3 Street Access Points- Divett Street (Front), Lighthouse Lane (Rear) and Commercial Road (via side Easement).

- Total Lettable Area of approximately 340sqm made up of the main front bar/ seating area, commercial-grade kitchen, courtyard beer garden, large cellar and upstairs open plan studio.

- Sold with an Easement (Right of Way) which provides access from Commercial Road. With 3-5 Divett St favourably positioned at the end of the Easement, the tenancy enjoys an additional licenced sitting area.

- Rear access from lane way to double lock up garaging

- Increase and diversify the rental income stream by creating two self-contained tenancy areas and using both front door access points.

- Fantastic street parking availability (2hrs free 8-6pm)

- Site Area: 224.6sqm

- Zoned as Urban Activity Area (Heritage Precinct) – not Heritage Listed

- Currently tenanted to Fossils Wine Bar at $70,304.00 p.a. + GST (net)

- Outgoings: Recovered from Tenant

- Fixed Annual Reviews of 4% increase

- Lease Term 5 years (expiry 13/11/26) with a further option of 5 years

Please contact Nic for more information and to organise a private viewing.

Property Code: 2487