34 Poynton Street
Ceduna SA 5690
$390,000
Amazing Opportunity – Thriving Business & Investment Property in Coastal Ceduna
Are you looking for a smart investment opportunity in the picturesque seaside town of Ceduna, South Australia? Look no further! We are excited to present 37 Poynton Street, a unique freehold property offering a lucrative laundromat business, tenanted retail shop, and potential residential development – all in one prime location.Property Overview
This substantial commercial building includes:
• A fully operational, high-performing laundromat business
• An adjoining tenanted retail shopfront currently leased to a popular local non-profit, "Flair on Eyre"
• Approved plans submitted to Council for conversion of the rear into a residential unit
• Additional potential for an extra shopfront or office space at the front of the building
• Located directly opposite Ceduna Foreshore Caravan Park and Hotel Motel, ensuring strong foot traffic from both locals and tourists
Business Features & Highlights
• Modern Equipment: Outfitted with state-of-the-art Maytag industrial washing machines, known for their reliability and performance, minimizing ongoing maintenance costs.
• Eco-Efficient: The business is powered by a solar energy system with battery storage, reducing operational expenses and carbon footprint. A bollarded above-ground gas tank efficiently fuels the machines.
• Consistent Revenue: This easy-to-run laundromat generates an average of $720 per week, with plenty of scope to add value and expand services (e.g. dry cleaning, wash-and-fold, vending).
• Established Customer Base: Loyal local and tourist clientele ensure reliable repeat business.
• Training Provided: Owner is happy to provide support and training during the handover period for a seamless transition.
Additional Property Inclusions
• Tenanted Retail Space: "Flair on Eyre", a well-known volunteer-run arts and crafts shop, pays a modest monthly rent. The space includes:
o Large shopfront with fluorescent lighting
o Carpeted interior
o Two ceiling fans
o Wall-mounted reverse cycle air conditioning
o Access to rear utility rooms
• Development Potential:
o Plans submitted to develop the rear of the building into a residential unit, featuring access via two existing roller doors (one to be replaced with a glass sliding door).
o Opportunity to add an extra business or office frontage with the installation of a glass entry door.
o Includes a two-room office space connecting to the proposed residential unit or secondary shopfront.
Why Invest Here?
• Prime Central Location in a growing coastal community
• Multiple income streams: laundromat, shop rental, future residential and commercial tenancy
• Sustainable operations with solar power and modern machinery
• Expansion-ready with submitted development plans and flexible floorplan
• Affordable Entry Price: Competitively priced for the value on offer
Enquire Today
This is a rare opportunity to acquire a fully equipped, income-generating property in the vibrant heart of Ceduna. Whether you're an investor, entrepreneur, or someone seeking a coastal lifestyle change, 37 Poynton Street is ready to deliver returns and growth.
Features
General Features
- Property Type: House
- Land Size: 428sqm
Other Features
- Close to Shops
- Roller Door Access
Can I afford 34 Poynton Street?
With access to the best on offer from 30 lenders and complete support and advice from pre-approval to settlement, you can trust an Elders Home Loans broker to find a quick and simple solution.
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Enquire about 34 Poynton Street, Ceduna, SA, 5690