OFF MARKET

20 Commercial Street
Burra SA 5417

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 601m2
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Property Details for 20 Commercial St, Burra

Building Type
Commercial
Land Size
601m2
Local Government
Goyder
Lot/Plan
A295/F186807

Last Listing description (May 2024)

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.

Located in the Mid-North area, less than 2 hours from Adelaide, is this extremely well stocked Thrifty-Link hardware store covering all aspects of the Hardware range you would expect to find within the Thrifty-Link stores with access to a shared stock finder program when an item is temporarily unavailable.
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

A timeline of how this property has performed in the market
Last Sold
$66,000
21 Sep 2000
  • 01 May 2024
    Listed for Sale CONTACT AGENT
  • 04 Aug 2023
    Listed for Sale CONTACT AGENT
  • 21 Sep 2000
    Sold for $66,000

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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 2011 was 1,396 people. By 2016 the population was 1,128 showing a population decline of 19.2% 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 $600 - $799 per month on mortgage repayments. In general, people in Burra work in a managers occupation. In 2011, 69.8% of the homes in Burra were owner-occupied compared with 69% in 2016.

Burra has 997 properties. Over the last 5 years, Houses in Burra have seen a 87.23% increase in median value, while Units have seen a 49.08% increase. As at 31 August 2024:

  • The median value for Houses in Burra is $315,182 while the median value for Units is $230,812.
  • Houses have a median rent of $290.
There are currently 10 properties listed for sale, and 1 property listed for rent in Burra on OnTheHouse. According to CoreLogic's data, 55 properties were sold in the past 12 months in Burra.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.