FOR SALE
Expressions of Interest by December 19th at 2PM

40-44 Briant Road
Magill SA 5072

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 996m2
Land area: 4125m2
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Incredible Eastern Suburbs Development Opportunity

The Commercial Team at Ray White Norwood in conjunction with Team Hibeljic is pleased to present for sale 40-44 Briant Road Magill for sale by expression of interest by December 20th 2024 at 2pm.
Nestled in the prestigious suburb of Magill, the property is located just minutes away from Penfolds Magill Estate and is surrounded by greenery, providing a serene environment suitable for potential residential redevelopment or other commercial uses such as child care, community centre or place of worship (STNC). The large 4,785 sqm land area, split across four titles, presents an excellent opportunity with the site boasting substantial onsite infrastructure, including landscaped gardens and a large building area of 996 sqm that allows for some creative repurposing and inevitable upside.
Key Investment Highlights of this opportunity include:
• 1+1 year Lease Back at $300,000 per annum Net + GST
• Significant Development Potential (STNC)
• Building Area of 996sqm
• Site Area of 4125sqm
• 45x consulting rooms and offices across the property
• 4x Certificates Of Title
For a copy of the information memorandum or to arrange an inspection contact Matt Lazarus on 0430745100
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Property Details for 40-44 Briant Rd, Magill

Building Type
Commercial
Floor Size
996m2
Land Size
4125m2

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About Magill 5072

The size of Magill is approximately 3.5 square kilometres. It has 18 parks covering nearly 6.4% of total area. The population of Magill in 2011 was 8,229 people. By 2016 the population was 8,845 showing a population growth of 7.5% in the area during that time. The predominant age group in Magill is 30-39 years. Households in Magill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Magill work in a professional occupation. In 2011, 63.3% of the homes in Magill were owner-occupied compared with 65.1% in 2016.

Magill has 4,907 properties. Over the last 5 years, Houses in Magill have seen a 78.38% increase in median value, while Units have seen a 65.87% increase. As at 30 November 2024:

  • The median value for Houses in Magill is $1,180,608 while the median value for Units is $622,141.
  • Houses have a median rent of $630 while Units have a median rent of $490.
There are currently 17 properties listed for sale, and 13 properties listed for rent in Magill on OnTheHouse. According to CoreLogic's data, 203 properties were sold in the past 12 months in Magill.

Suburb Insights for Magill 5072

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Matthew Lazarus
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Joe Hibeljic
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Ray White Norwood
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Disclaimer
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.