FOR SALE
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89 Unley Road
Parkside SA 5063

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 245m2
Land area: 391m2
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Auction Time
Fri 22 Nov 11:00 am
Inspection Times
No upcoming inspections scheduled.
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Premium High Street Investment

Fetch Property & RWC Adelaide proudly bring to market a premium suburban leased investment at 89 Unley Road, Parkside.
Situated on Unley Road, just outside of the Adelaide CBD, this property enjoys a prime location on a vibrant high street known for its mix of established retailers, apartments, offices, and various commercial uses. Being located in the highly desirable suburb of Parkside, where the median house price exceeds $1,328,000.
The property is currently leased to Local Kitchen Co., a strong local brand known for providing delicious, home-style meals using fresh, locally sourced ingredients. With multiple locations across Adelaide, including Parkside, Local Kitchen Co. has built a loyal customer base. Their presence adds significant appeal and stability to this investment opportunity.
The single-level layout offers a retail area with alfresco dining, a spacious kitchen, and modern amenities, making this investment both versatile and secure.
89 Unley Road, Parkside is for sale via Auction onsite at 11am Friday 22nd November 2024.
Capitalize on this opportunity to own a quality asset in a sought-after commercial precinct.
For further information please contact the exclusive selling agents from Fetch Property or RWC Adelaide.

Property Details for 89 Unley Rd, Parkside

Building Type
Commercial
Floor Size
245m2
Land Size
391m2

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About Parkside 5063

The size of Parkside is approximately 1.4 square kilometres. It has 7 parks covering nearly 2.3% of total area. The population of Parkside in 2011 was 4,633 people. By 2016 the population was 4,808 showing a population growth of 3.8% in the area during that time. The predominant age group in Parkside is 30-39 years. Households in Parkside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkside work in a professional occupation. In 2011, 60.2% of the homes in Parkside were owner-occupied compared with 59.6% in 2016.

Parkside has 2,697 properties. Over the last 5 years, Houses in Parkside have seen a 76.78% increase in median value, while Units have seen a 76.18% increase. As at 31 October 2024:

  • The median value for Houses in Parkside is $1,504,553 while the median value for Units is $706,714.
  • Houses have a median rent of $655 while Units have a median rent of $520.
There are currently 7 properties listed for sale, and 8 properties listed for rent in Parkside on OnTheHouse. According to CoreLogic's data, 121 properties were sold in the past 12 months in Parkside.

Suburb Insights for Parkside 5063

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Oliver Totani
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RWC Adelaide
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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.