Address: Level 1, Suite 19/116 Melbourne Street, North Adelaide, SA 5006
Take your business to new heights with premium commercial space located in the heart of North Adelaide's vibrant business district. This 156sqm first-floor studio offers not only a flexible layout with four private beauty rooms, reception, waiting areas, and private amenities but also the opportunity to acquire a profitable, niche hair and beauty business with the property.
Property Highlights:
Prime Location: Positioned on the iconic Melbourne Street, a bustling hub for business, retail, and dining, offering high visibility and foot traffic.
156sqm of adaptable studio space: Perfect for beauty and health professionals, with sublet potential to complement the existing business.
Air-conditioned, private kitchenette, and bathrooms ensure a professional and comfortable working environment.
First-floor position: Accessible by stairs with one underground tenant carpark and ample street parking for clients and staff.
Walking distance to public transport and minutes from Adelaide CBD.
Business Opportunity:
The purchase of this property includes a unique hair and wig restoration business that has been serving the community for 30 years, with seven years under current ownership. The business offers:
Custom and ready-to-wear wigs for those experiencing hair loss from medical treatments or other causes.
60% revenue from services, 20% from retail, and 20% from new replacement products.
Opportunities to grow through strategic partnerships, referrals, and expanded services.
Operates part-time with two hair professionals, keeping operational expenses low.
Why Invest?
This is a turnkey investment ideal for entrepreneurs, beauty professionals, or investors seeking a niche business. With limited competition in the area and significant potential for growth through community partnerships and enhanced marketing, this business and property combination offers both security and scalability.
Lease and Purchase Details:
Current rent: $26,250 (leased by the current business).
Current Purchase price: $600,000 for freehold property + $100,000 for the business + SAV (approx. $30,000).
Discounted Price $650,000 for everything
Don't miss out! Contact us today to schedule a viewing and secure a space that combines business potential with prime real estate.
