Lot 4 Post Office Hill, Coober Pedy, SA 5723

On offer is a multi-tenancy commercial facility - 2 tenancies.

The iconic Underground Books, in operation more than thirty years, presents a great retail opportunity plus is smartly divided into a second tenancy as a café earning an income stream - $600 per month.

Just off the main street, located centrally between the two major retail giants in town (Supermarket & Hardware/Post Office/Chemist) and tucked into the hillside, this curvaceous underground space, is reasonably generous in size, caters for wheelchairs access having both steps and ramps into the underground areas.

The current book shop space has a main entry, which leads to a retail point of sales zone, with two separate rooms nearby, both neat one is used as an office and the other as a stock storage area.

The main retail area then branches out from there, bulbous, then at the rear leads to a wide tunnel that has a large carved shelf running a few meters, a further curtained area at the rear, a storge area behind, curtained and then due to current lease structure ends.

Smartly divided, a third curvaceous area (provided as part of the tenancy) is currently used by the café operator to display artwork and souvenir lines both as display and for sale purposes. 

A set of stairs lead up to the café, a neat area, with tables and chairs for guest seating, a point of sales counter area and kitchen at the rear, with plumbed hand basin.

A bathroom with toilet and hand basin, the only bathroom for the shared areas is situated inside near the front entrance of the café, is dated and tiled.
Wheelchair and disabled persons can access the café from above ground, main entry point.

The bookshop space could be used for retail, clothing, jewellery, massage and aroma therapies, gaming adventures or divided into office spaces etc, there are several potential opportunities.

Always check with our local Council, for their required Consents.

We are selling the land with the lease included, the underground bookshop name and current stock at the time of sale is negotiable and separate to the sale.

The tenant's lease is fixed for a year, with the ability to be renewed yearly currently.

All furniture, white goods, cook tops etc belong to the current tenant.

Underground and main street doesn't come very often, some minor upgrades maybe required including electrical upgrades.

Limited parking on site, maybe three-four cars comfortably, ideally there is enough street parking available either side to cater for customers.

Large established tree, large rocky gravel laid in the internal area (great when it rains, reduces mud), paved external areas and front verandah outside the café area.

Also, a small external storage room attached to the bookshop side (very dated).

Priced very fair to the market, its really a bargain and presents opportunity to the next owner.

Viewings by appointment only, call locally based Agent, Misty for further details 0428 105 521.