20 William Street

Norwood SA 5067

At the core of this property is 'Running Cup', a beloved caf that has been a fixture in the Norwood community for many years. With a warm ambiance, tasteful decor, and a loyal and ever growing customer base, we expect this caf will thrive well into the future as Norwood continues to experience significant gentrification resulting in increased investment and tenant demand for the precinct.

Attached to the caf is a beautifully restored sandstone bungalow residence with three bedrooms and two bathrooms. Inside, you'll discover generously proportioned and tastefully renovated living spaces. Adding to its appeal, this home graces a coveted corner allotment, making it a truly rare find.

The Caf has a commercial lease in place until May 2029 with a further option for 5 years. The residential home is offered with vacant possession, leaving options for investors, owner occupiers, and the opportunity for refurbishment if desired.

Whether you're considering 20 William Street for personal occupancy or as dual investment opportunity, the property's mixed-use appeal makes this property extremely rare.

KEY HIGHLIGHTS:
Unique Commercial / Residential opportunity
Leased investment with dual income potential
Prized Corner allotment of 398 sqm*
Some 365 sqm* of total building improvements
20 m* frontage to William Street & to Charles Street
Devoid of any heritage constraints
330 metres* to Norwood Parade and to Kensington Road

The Cafe
Caf 95 sqm*+ a large 72 sqm* of charming undercover alfresco dining
Fully equipped kitchen/preparation area and cellar
Leased until 2029 with a further option of 5 years

Residence
Residence 122 sqm* + Carport
Attached bungalow residence comprising 3 bedrooms, including a master with ensuite
Spacious dining and formal living rooms with decorative ceilings
Ornate fireplaces and lead-lighted windows throughout
Well-equipped kitchen with gas stainless steel appliances
Separate bathroom and laundry
Ceiling attic for additional storage
Private brushed fencing for year-round privacy
Abundant natural light and a bright ambience
Undercover parking for up to 2 cars, with space for up to 4 cars in the driveway
Character verandah with extensive paving

Norwood's vibrant neighbourhood boasts a thriving dining scene, scenic walking trails, and excellent shopping options. The historic streets of William and Charles add to the area's charm.

This property, encompassed within one Certificate of Title, is hitting the market for the first time in decades, making it an unmissable chance. Unique properties such as 20 William Street, Norwood do not arise frequently, don't miss out on this opportunity.

For Sale via Expressions of Interest Closing Friday 10th November 2023 at 4pm. (ADCT) unless sold prior.

**Inspections are strictly via appointment only.**

**Last Open Thursday 9/11/2023 2.30-3.00pm**

Please contact the exclusive selling agents for further information.

David Buenfeld
Lyndon Cocks

*approx.

RLA 287133