FOR SALE
Offers over $4,000,000

70a Rosewater Terrace
Ottoway SA 5013

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1568m2
Land area: 4241m2
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INVEST AND OCCUPY! IMPRESSIVE LAND HOLDING OF 4241 M2 * WITH IMPROVEMENTS OF 1568 M2*

A perfect opportunity to invest in a prime building fully leased and occupy or lease the adjacent vacant warehouse warehouse.
Comprising two allotments (Lot 51 2557 m2 and Lot 92 1684 m2)
Lot 51
Fully Leased to Building Industrial Supplies Group that is owned by MM Fasteners Pty Limited, a wholly owned subsidiary of Metal Manufactures Pty Limited (MMPL). MMPL is one of the largest privately-owned industrial conglomerates in Australia, operating across Australia and New Zealand through more than 450 wholesale and distribution outlets.
The lease commenced 3rd October 2022 and expires 2nd October 2027 with a further right of renewal to 2nd October 2032. for a net annual passing rental of approximately $156,428. The property comprises two storey offices, cellar and amenities of 435 m2, showroom of 120 m2 and good clearance warehouse of 575 m2.
Lot 92
Good clearance warehouse with reinforced heavy duty floor, office and mezzanine of 438 m2 on land 1684 m2 offered with vacant possession.
Ample hardstand and good access to the Port, Northern Expressway, major transport routes and CBD.
A fantastic off market opportunity being offered exclusively to our data base.
* Note: All areas/dimensions approximate.
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Property Details for 70a Rosewater Tce, Ottoway

Building Type
Commercial
Floor Size
1568m2
Land Size
4241m2

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About Ottoway 5013

The size of Ottoway is approximately 1.4 square kilometres. It has 2 parks covering nearly 2.3% of total area. The population of Ottoway in 2011 was 2,419 people. By 2016 the population was 2,499 showing a population growth of 3.3% in the area during that time. The predominant age group in Ottoway is 20-29 years. Households in Ottoway are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ottoway work in a trades occupation. In 2011, 58.9% of the homes in Ottoway were owner-occupied compared with 60.7% in 2016.

Ottoway has 1,260 properties. Over the last 5 years, Houses in Ottoway have seen a 111.75% increase in median value, while Units have seen a 85.12% increase. As at 31 October 2024:

  • The median value for Houses in Ottoway is $706,556 while the median value for Units is $451,780.
  • Houses have a median rent of $575 while Units have a median rent of $290.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Ottoway on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Ottoway.

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David Ente
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Raine & Horne Commercial SA
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