OFF MARKET

112 Smith Street
Naracoorte SA 5271

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 151m2
Land area: 319m2
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Last updated 11 Nov 2024
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Property Details for 112 Smith St, Naracoorte

112 Smith St, Naracoorte is a 1 bedroom, 1 bathroom House. The property has a land size of 319m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in September 2016.

Building Type
House
Floor Size
151m2
Land Size
319m2
Local Government
Naracoorte Lucindale
Lot/Plan
A256/F199150

Last Listing description (May 2019)

If you are seeking a landmark business venture look no further. Knights has seen it all come and go over the past 90 years (3 Owners) and still stands proudly in the centre of Naracoorte catering for the local community and innumerable tourists and passing travelers.
The current proprietors are trading in their 20th successful year and still love their work, yet need to enjoy the fruits of their labours and take a break.
Very sound financials and a realistic and workable rental.

Read on for more general information then contact the Agents for the whole story.
Naracoorte now has a CBD extending from the Kincraig Plaza to Riverside Drive. 112 Smith Street is located in the very epicentre of the CBD with a crossflow of passing trade from all points of the compass. In more than one way the business is in the
of town.
The business has moved with the times and returned an appealing feeling of years gone by with modern decor, equipment and always popular menu. Although there is a focus on take away food, many customers choose to dine in and enjoy the atmosphere created by the successive owners and staff over the many years. The Snack Bar is noted for quality, value and the particular specialty of the house, fish and chips, which is virtually swimming out the door. Arguably Knights carries the largest range of freshly made and convenience foods available in the Naracoorte Town Centre.
A fringe benefit of the business is the old fashioned goodwill of the customers who value the convenience and friendliness that the business is recognised for, they just keep coming back for more.
The building is of solid construction and in the existing tried and true configuration comprises approximately 63 square metres of shop area and 88 square metres of preparation and storage area under the main roof. If desired a change in the shop floorplan could be readily accommodated.
The rear yard provides ample staff parking and delivery area.
The Snack Bar is currently trading six days per week with scope for seven and is highly suited to a family operation or a partnership.
The hours are optional but the customers start with the breakfast club and finish with the night owls. If your have the motivation, Naracoorte can provide the custom and the just rewards.
Form 2 and Lease Particulars are available on signing
A Confidentiality Agreement.

Property History for 112 Smith St, Naracoorte, SA 5271

A timeline of how this property has performed in the market
Last Sold
$300,000
23 Sep 2016
  • 23 Sep 2016
    Sold for $300,000
  • 10 May 2016
    Listed for Sale $50,000 + SAV (est $15,000)
  • 21 Nov 2010
    Listed for Sale Not Disclosed
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About Naracoorte 5271

The size of Naracoorte is approximately 114.2 square kilometres. It has 25 parks covering nearly 2.6% of total area. The population of Naracoorte in 2011 was 5,691 people. By 2016 the population was 5,965 showing a population growth of 4.8% in the area during that time. The predominant age group in Naracoorte is 30-39 years. Households in Naracoorte are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Naracoorte work in a labourer occupation. In 2011, 69.3% of the homes in Naracoorte were owner-occupied compared with 67.3% in 2016.

Naracoorte has 3,727 properties. Over the last 5 years, Houses in Naracoorte have seen a 59.00% increase in median value, while Units have seen a 70.59% increase. As at 31 October 2024:

  • The median value for Houses in Naracoorte is $353,174 while the median value for Units is $304,750.
  • Houses have a median rent of $348 while Units have a median rent of $225.
There are currently 23 properties listed for sale, and no properties listed for rent in Naracoorte on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Naracoorte.

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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.