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99 Henley Beach Road
Mile End SA 5031

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Land area: 3223m2
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Western Gateway Development Opportunity

LJ Hooker Commercial Adelaide is proud to present to market for sale 99 Henley Beach Road, Mile End via an Expressions of Interest Campaign closing Friday 2nd August 2024 at 4:00 p.m.
A rare chance to secure a substantial gateway development site located on the prestigious Henley Beach Road in Mile End.
The property offers a secure holding income to long-term tenants with further development potential. A significant land holding of some 3,211 sqm held across four allotments and three Certificates of Title with expansive frontages to Henley Beach Road and Norma Street.
Situated in the thriving suburb of Mile End, this property benefits from its prime location near major transport routes and the bustling Adelaide CBD. Enjoy the convenience of being close to key amenities. Mile End is known for its vibrant community and dynamic commercial landscape. The surrounding area is home to several notable landmarks and institutions, adding value to the investment.
The site lends itself to developers, land bankers and savvy investors.
Key Selling Points:
- Significant land holding with significant frontages to Henley Beach Road and Norma Street.
- Urban Corridor (Main Street) zoning with development potential up to 4 storeys (STCC)
- Substantial existing improvements with refurbishment potential
- Four individual allotments across three Certificates of Title
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Property Details for 99 Henley Beach Rd, Mile End

Building Type
Commercial
Land Size
3223m2

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About Mile End 5031

The size of Mile End is approximately 1.8 square kilometres. It has 4 parks covering nearly 1.3% of total area. The population of Mile End in 2011 was 4,412 people. By 2016 the population was 4,447 showing a population growth of 0.8% in the area during that time. The predominant age group in Mile End is 20-29 years. Households in Mile End are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mile End work in a professional occupation. In 2011, 51.9% of the homes in Mile End were owner-occupied compared with 51.3% in 2016.

Mile End has 2,328 properties. Over the last 5 years, Houses in Mile End have seen a 68.21% increase in median value, while Units have seen a 65.68% increase. As at 30 November 2024:

  • The median value for Houses in Mile End is $1,092,447 while the median value for Units is $583,222.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 8 properties listed for sale, and 4 properties listed for rent in Mile end on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Mile end.

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Mark Tettis
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Mario Bonomi
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LJ Hooker Commercial Adelaide
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