OFF MARKET

Catherine Street
Port Wakefield SA 5550

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1009m2
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Property Details for Lot 112 Catherine St, Port Wakefield

Building Type
Commercial
Year Built
1989
Land Size
1009m2
Local Government
Wakefield
Lot/Plan
A112/D50730

Last Listing description (July 2024)

This real estate package speaks for itself, not just for the cafe that many a traveller frequents each time they pass through Port Wakefield, but for the opportunity to secure a large allotment ready for desired residential development (subject to planning consent) . With massive passing traffic exposure and offering exceptional signage rights plus room for expansion, this is one investment opportunity that should be investigated further.

Sitting over 2 titles with total area 3629m2 approximately, Pope's Cafe sits proudly as a family owned business, that has not only successfully navigated and profited financially through Covid-19, but also the extensive road upgrades that it fronts onto over the last 3 years. (Form 2 available on request) This is a testament to the stability and repeat /referral business this fantastic business receives, now continuing to build it's profit at a very good rate.

The vendors are happy to sell the allotments separately or as a package:

- Lot 112 Catherine Street (Popes Cafe - approx. 1009m2) - $500,000
- Lot 125 Catherine Street (Vacant allotment with dual street access - approx. 2620m2) - $450,000

It is not often that a property with this many diverse opportunities arises and additionally in a regional town craving development to keep up with a growing population to support the expanding industries that surround it. Port Wakefield is on the rise and is the gateway to many major development projects such as the continual highway improvements, renewable energy plants, local processing factories. The vacant land running off of the car park area from the cafe invites developers to fulfill this void of lack of residential housing (subject to planning consent - proposed plans available to view)

Features of Popes Cafe & Land:
- 1 brilliant and profitable commercial shop
- Features ample fridge/freezer storage, kitchen area, storage room, shop front, w/c facilities
- Shop front with fantastic all weather Alfresco with plenty of room for take-away dining
- Access for clients to street parking and private parking at the premises
- Large Car park
- For all commercial shop financial information contact agent, genuine enquiries only
- Approx. 254m2 commercial building area

Location:
- Easy access off of main highway from Adelaide and Copper Coast
- Approximately 60 minutes to Adelaide
- Large double allotment with ample public parking to cater for the high volume of passing traffic
- Street to street access through vacant allotment
- Zoned Commercial & Business plus Neighbourhood

Port Wakefield was historically established to minimise time of delivery and distribution of copper from the towns of Kooringa and Burra, while allowing travellers a place to rest on their long journeys around the state. To this day it still is that popular resting point, whether it be for a quick refuelling stop and bite to eat or an overnight stay.

Don't miss this amazing opportunity to secure not only a fantastic small business, but a huge allotment of land that invites developers to fulfil what this town requires, more residential accommodation. Also if you are successful in this purchase, don't forget to secure the renowned and highly desired bacon and egg sandwich and chips and gravy recipe.

For further information please do not hesitate to contact Rachel Lawrie 0428 882 864 or rachel.lawrie@raywhite.com RLA281212

Property History for Lot 112 Catherine St, Port Wakefield, SA 5550

A timeline of how this property has performed in the market
Last Sold
$121,000
30 Mar 2004
  • 27 Mar 2024
    Listed for Sale Contact Agent
  • 11 Oct 2022
    Listed for Sale Auction
  • 30 Mar 2004
    Sold for $121,000
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About Port Wakefield 5550

The size of Port Wakefield is approximately 176.1 square kilometres. It has 9 parks covering nearly 6.9% of total area. The population of Port Wakefield in 2011 was 554 people. By 2016 the population was 639 showing a population growth of 15.3% in the area during that time. The predominant age group in Port Wakefield is 50-59 years. Households in Port Wakefield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Wakefield work in a labourer occupation. In 2011, 62% of the homes in Port Wakefield were owner-occupied compared with 56.7% in 2016.

Port Wakefield has 578 properties. Over the last 5 years, Houses in Port Wakefield have seen a 106.41% increase in median value, while Units have seen a 215.37% increase. As at 31 August 2024:

  • The median value for Houses in Port Wakefield is $309,730 while the median value for Units is $418,498.
  • Houses have a median rent of $255.
There are currently 2 properties listed for sale, and no properties listed for rent in Port wakefield on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Port wakefield.

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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.