FOR SALE
Under Contract

392 Prospect Road
Kilburn SA 5084

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 455m2
Land area: 1836m2
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Land Rich Investment Opportunity

Auction Location: 392 Prospect Road, Kilburn
LJ Hooker Commercial Adelaide is proud to present to the market, 392 Prospect Road, Kilburn for sale via Public Auction on-site, Tuesday 12th November 2024 at 11:00 a.m.
Discover Kilburn Village, a bustling retail and commercial center located in the heart of Kilburn, South Australia. This dynamic precinct offers an exceptional investment opportunity, serving a diverse and growing community while benefiting from high visibility and easy access. Positioned along the well-traveled Prospect Road, Kilburn Village combines convenience, established tenants, strong future growth potential and future development potential (STCC).
Kilburn Village features a mix of established tenants, ranging from retail stores to hospitality and essential services. With a well-balanced tenant mix, this center is designed to serve the local population's everyday needs, providing convenience and diversity in offerings.
Located on the corner of Prospect Road and Jersey Avenue with a total site area 1,836 sqm* spread across two allotments, the property offers solid holding income with significat reversion opportunities and potential for further development (STCC).
Key Selling Points:
Complimentary tenancy mix
Land area 1,836 sqm*
Net Lettable Area 455 sqm*
Long term tenants
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Property Details for 392 Prospect Rd, Kilburn

Building Type
Commercial
Floor Size
455m2
Land Size
1836m2

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About Kilburn 5084

The size of Kilburn is approximately 2.9 square kilometres. It has 5 parks covering nearly 2.8% of total area. The population of Kilburn in 2011 was 5,101 people. By 2016 the population was 5,435 showing a population growth of 6.5% in the area during that time. The predominant age group in Kilburn is 20-29 years. Households in Kilburn are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kilburn work in a labourer occupation. In 2011, 40% of the homes in Kilburn were owner-occupied compared with 41.8% in 2016.

Kilburn has 2,580 properties. Over the last 5 years, Houses in Kilburn have seen a 87.45% increase in median value, while Units have seen a 85.89% increase. As at 31 October 2024:

  • The median value for Houses in Kilburn is $810,753 while the median value for Units is $489,236.
  • Houses have a median rent of $515 while Units have a median rent of $440.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Kilburn on OnTheHouse. According to CoreLogic's data, 85 properties were sold in the past 12 months in Kilburn.

Suburb Insights for Kilburn 5084

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Mark Tettis
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Charles Parletta
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LJ Hooker Commercial Adelaide
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.