Set on a sprawling 3373m2 in the heart of the stunning town of Springton, 10-12 Miller Street presents an incredible opportunity to own a truly unique property, with substantial revenue opportunities.
Steeped in history, the property dates back to the mid 1800s and has been significantly renovated in recent years to create a genuinely exciting proposition for the new owner. The property consists of two separate B&Bs, the Olde Stables and the Hayloft, which have been wonderfully modernised while keeping their character charm. The Olde Stables boasts two bedrooms, a spacious living area and a beautiful bathroom while the Hayloft is a two storey, self contained apartment with one bedroom, bathroom and kitchen. The B&Bs have been meticulously maintained and provide a fantastic base to explore the Barossa Valley, Eden Valley and Adelaide Hills regions.
To the front of the property, two buildings currently house long term tenants on periodic leases. 10 Miller Street features a 4 bedroom, 2 bathroom, solid brick bungalow with polished timber floors, large bedrooms, ducted reverse cycle air-conditioning and a beautiful slow combustion heater. 12 Miller Street was the site of the original Springton general store and post office and features 3 bedrooms, a modern bathroom, ducted evaporative cooling, slow combustion heater and a split system air-conditioner. Both houses have been well maintained and have countless original features from a bygone era.
Outside, the property continues to impress with a beautiful pond, complete with waterfall which meanders under a bridge through the rear of the property to a lake, perfect to sit around and relax on warm summer afternoons. A large 12m x 6m shed comes complete with concrete floors and power while two rainwater tanks provide a 40,000 litre capacity (mains water is also connected throughout the property).
With both the two houses and two B&Bs providing a strong, consistent return and the opportunity for further growth, 10-12 Miller Street, Springton presents an exceptional opportunity for the astute investor to either manage the property remotely or reside in one of the wonderful residences and achieve higher returns. 23/24 income of tenants and short term rentals over $100 000 (in addition to being a holiday accommodation for owners and friends)
As featured on Channel 7’s ‘Selling SA’ , 10-12 Miller Street, Springton presents an incredible lifestyle opportunity in a stunning property.
