SOLD
Sold on 31 Oct 2023 for $400,000

35 Torrens Road
Riverton SA 5412

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 2059m2
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Property Details for 35 Torrens Rd, Riverton

Building Type
Commercial
Land Size
2059m2
Local Government
Clare & Gilbert Valleys
Lot/Plan
A107/F215535

Last Listing description (November 2023)

Current Gross Income of $49920 (gst incl) The opportunity exists to invest in a unique, historical property nestled within the township of Riverton, heart of the Gilbert Valley. Situated conveniently between the famous wine districts of the Barossa and Clare Valleys; the property fronts Torrens Road, on the Barrier Highway and is the main thoroughfare from Broken Hill to Adelaide, making Riverton a destination for tourists and travellers alike being only 90 minutes North of Adelaide's CBD.

This is a rare opportunity to own the Freehold Title of a historic building in the heart of the main street of a bustling town located on a large corner allotment of 2000m2 (approx.) which includes vacant land zoned town centre allowing for the addition of a commercial development or managers residence (STCC).
The existing commercial zone on the ground floor of the two-storey stone building is currently leased to a much-loved thriving cafe, open 6 days a week catering to the local community and people passing by.

Upstairs, there is scope to refurbish & fit out the currently vacant space, with separate access; it could easily be transformed into an office space, consulting rooms or boutique tourist accommodation providing the flexibility to further increase revenue.

The attached, blue stone fronted tenanted residence boasts traditional features including:
Polished floorboards, high ceilings, 3 double bedrooms - main with ensuite, split system air con and walk in robe, laundry, generous kitchen and sun filled lounge with combustion heater, separate dining room and dual access from Masters Street and Torrens Road.

Built in 1879 and first occupied by Mullers Emporium, the building has been home to many Emporiums and stores throughout the years. It was extensively renovated in 2008 and is currently trading as Emporium Bakehouse. The cafe features outdoor dining capabilities as well as open plan seating, reverse ducted air conditioning, LED downlights throughout, commercial kitchen, and a large cellar under the footprint of the caf completes this package which is only limited by your imagination.

The Riverton township has a full range of services including kindergarten, primary & high school, doctor, hospital, post office, two hotels, chemist, IGA supermarket, caf, art gallery, deli, hardware, ladies boutique, hairdressers and excellent sporting facilities only 35 minutes drive north of Gawler and less than 100 kms from Adelaide. The climate is ideal and the lifestyle enviable.

Current gross income per annum: $49920 (GST incl.)
Attractive net yield of over 6% is possible.
Cafe Lease expires 20/8/27 with a further 1 x 5 year option
House Lease expires 27/1/24 with highly competitive market conditions

Inspections by appointment with selling agent - Nutrien Harcourts Riverton

Property History for 35 Torrens Rd, Riverton, SA 5412

A timeline of how this property has performed in the market
Last Sold
$400,000
31 Oct 2023
Listed for Rent
26 Apr 2019
  • 31 Oct 2023
    Sold for $400,000
  • 27 Jun 2023
    Listed for Sale $550,000 - $590,000
  • 23 Apr 2019
    Listed for Rent - Price not available
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About Riverton 5412

The size of Riverton is approximately 154 square kilometres. It has 8 parks covering nearly 0.3% of total area. The population of Riverton in 2011 was 1,213 people. By 2016 the population was 1,036 showing a population decline of 14.6% in the area during that time. The predominant age group in Riverton is 60-69 years. Households in Riverton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverton work in a managers occupation. In 2011, 74.6% of the homes in Riverton were owner-occupied compared with 69.8% in 2016.

Riverton has 775 properties. Over the last 5 years, Houses in Riverton have seen a 59.95% increase in median value. As at 31 August 2024:

  • The median value for Houses in Riverton is $375,064 while the median value for Units is $245,021.
  • Houses have a median rent of $258.
There are currently 3 properties listed for sale, and no properties listed for rent in Riverton on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Riverton.

Suburb Insights for Riverton 5412

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Nutrien Harcourts SA
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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.