FOR SALE
UNDER CONTRACT

27a Circuit Drive
Hendon SA 5014

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 455m2
Land area: 4068m2
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INDUSTRIAL DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME

E.O.I closes12pm, Thursday 12/09/2024
Set within Adelaide's north-western Industrial Precinct amongst quality warehouse facilities on Circuit Drive lies a fantastic industrial development opportunity of generous proportions with immediate income to assist your holding costs until such time you have obtained all the necessary council approvals. A perfect development site to mimic the successful multi-unit industrial complex developments seen within the area proving the demand for smaller warehousing well exceeds the low supply available.
- Land Size: 4069 sqm*
- Zone: Strategic Employment
- Great access on Circuit Drive which is a street loop intersecting main roads of Tapleys Hill Road and West Lakes Boulevard
- Currently Leased to "Store Your Stuff" on a periodic arrangement @ $78,000 p.a. + O/G + GST
- Rare, low-risk Industrial Development opportunity (stcc)
Look to the Market to dictate price- submit your best offers by 12pm Thursday 12th September 2024.
Property Code: 2514

Property Details for 27a Circuit Dr, Hendon

Building Type
Commercial
Floor Size
455m2
Land Size
4068m2

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About Hendon 5014

The size of Hendon is approximately 0.7 square kilometres. It has 1 park covering nearly 2.1% of total area. The population of Hendon in 2011 was 1,373 people. By 2016 the population was 1,144 showing a population decline of 16.7% in the area during that time. The predominant age group in Hendon is 30-39 years. Households in Hendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hendon work in a professional occupation. In 2011, 64.7% of the homes in Hendon were owner-occupied compared with 63.8% in 2016.

Hendon has 652 properties. Over the last 5 years, Houses in Hendon have seen a 88.90% increase in median value, while Units have seen a 112.43% increase. As at 31 October 2024:

  • The median value for Houses in Hendon is $779,145 while the median value for Units is $612,726.
  • Houses have a median rent of $563.
There are currently 3 properties listed for sale, and 4 properties listed for rent in Hendon on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Hendon.

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Nick Mastrangelo
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