39 Rundle Street, Kent Town, SA 5067

Collins Bateman is pleased to present 39 Rundle Street, Kent Town, a substantial mixed-use property combining established commercial income with significant owner-occupier accommodation.

The property currently generates $131,327.81* per annum net plus GST from approximately 50% of the building only, through three commercial tenancies comprising café, retail and office uses.

The remaining approximately 50% is currently owner-occupied and includes a substantial 4–5 bedroom upper-level apartment, office accommodation, garaging and storeroom areas. This portion will be offered with vacant possession, providing flexibility for immediate occupation or the potential to generate additional income, subject to the necessary consents and approvals.

The residential component may also offer potential to be configured as two separate apartments or income-producing areas. Additional features include a rooftop area and ground-floor garage and storage facilities with roller-door access from Little Rundle Street.

Key Features:
• Current income of $131,327.81* per annum net plus GST
• Current income derived from approximately 50% of the building only
• Three commercial tenancies comprising café, retail and office uses
• WALE of approximately 3.20 years by income*
• Council approved Alfresco dining for café tenancy
• Remaining approximately 50% currently owner-occupied and offered with vacant possession
• Owner-occupied component includes a 4–5 bedroom apartment, office, garaging and storeroom
• Potential to configure the residential accommodation as two separate apartments or income-producing areas, subject to approvals
• Opportunity to generate additional income from the currently owner-occupied portion
• Ground-floor garage and storage areas with roller-door access from Little Rundle Street
• Rooftop area
• Substantial 888m²* landholding
• Approximately 967m²* total building area
• Prominent Rundle Street position
• Substantial concrete construction
• Urban Corridor zoning
• Flexible opportunity for investment, owner occupation or longer-term repositioning

For further information, please contact:

Stephen Collins
0428 839 425

Nick Edwards
0435 204 360

*Approximate