Port RoadHindmarsh SA 5007
Property Details for Lot 103 Port Rd, Hindmarsh
Last Listing description (May 2024)
Nick Psarros from Ray White Port Adelaide is privileged to bring this outstanding business and development opportunity to the market. Established and built in 1840, The Land of Promise Hotel on Port Road in Hindmarsh is being offered for sale. A myriad of options here to the next owner of this successful 2 storey business on 2500m2 (approx.) of prime land in a bustling location.
Situated on a high exposure road only minutes from the Adelaide CBD and a short walk from the Adelaide Entertainment Centre, Bonython Park, Coopers Stadium and several other attractions, this is the ultimate freehold opportunity. Zoned Suburban Activity Centre allows for the building to be increased to 3 stories and with the generous onsite carpark allotment at the rear of the property, which gives direct access to Orsmond Street, this offers fantastic major site development and flexibility to build on the current establishment (subject to Planning Consent). The options are truly endless!
Major features of this hotel include:
*Car parking at the rear for 50 x vehicles
*Rear courtyard with 2 undercover decked gazebos, water features, lighting and 2 x large water tanks
*Entertainment bar with large stage and rear courtyard access
*Several TV's, large projector screen and secure front outside patio area
*2-year-old commercial kitchen with stainless steel appliances, oven, fridges, 3 x cool rooms and walk-in pantry
*Secure storage shed
*Quality red gum, blue gum and jarrah wood bars
*Baltic pine floorboards and top quality axminster carpet
*Distressed brick walls
*Several offices
*Commercial grade solar panels - 30kw (approx.)
Top floor features include:
*6 bedrooms - ceiling fan, fireplace and air-conditioning
*3 Terazzo bathrooms, 3 toilets, 3 showers, 1 bathtub
*Timber staircase
*Leadlight windows
*Baltic pine floorboards
*High ceilings
*High skirtings
All plant and equipment available upon negotiation.
CT / 5135/98 & 5137/967
Council / Charles Sturt
Zoning / SAC - Suburban Activity Centre
Built / 1840
Land / 2518m2 approx.
Business developers and hotel investors looking for an outstanding opportunity? Look no further! Contact Nick Psarros on 0400 506 555 to express your interest.
Hindmarsh is an inner suburb of Adelaide, South Australia. It is located in the City of Charles Sturt. The suburb is located between South Road to the west and North Adelaide. The River Torrens forms its southern boundary and the Grange and Outer Harbour railway line forms the northeast. There are many cafes and restaurants along Port Road and elsewhere in the suburb, as well as the Gaganis Bros wholesaler. Port Road is the main arterial road connecting the suburb to the Adelaide city centre, while South Road forms its western boundary. Hindmarsh is serviced by public transport run by the Adelaide Metro: The Grange and Outer Harbour railway line passes beside the suburb. The closest station is Bowden. Adelaide Metro operates a tram service to the Entertainment Centre, which is free from anywhere in the city centre. The suburb is serviced by several bus routes.
Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
Property History for Lot 103 Port Rd, Hindmarsh, SA 5007
- 15 May 2024Sold for $2,178,000
- 15 Mar 2022Listed for Sale $4,200,000
- 25 Aug 1994Sold for $183,882
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About Hindmarsh 5007
The size of Hindmarsh is approximately 0.9 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Hindmarsh in 2011 was 156 people. By 2016 the population was 210 showing a population growth of 34.6% in the area during that time. The predominant age group in Hindmarsh is 20-29 years. Households in Hindmarsh are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Hindmarsh work in a professional occupation. In 2011, 38.2% of the homes in Hindmarsh were owner-occupied compared with 40.8% in 2016..
Hindmarsh has 571 properties. Over the last 5 years, Houses in Hindmarsh have seen a 75.61% increase in median value, while Units have seen a 64.43% increase. As at 31 October 2024:
- The median value for Houses in Hindmarsh is $968,460 while the median value for Units is $688,968.
- Units have a median rent of $450.
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