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55 Oaklands Road
Somerton Park SA 5044

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1122m2
Land area: 2304m2
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Versatile Main Road Investment With Development Upside

On behalf of our valued clients, LJ Hooker Commercial is pleased to present to the market for sale, 55 Oaklands Road, Somerton Park by way of private treaty.
Located in the tightly held and thriving precinct. The property offers two allotments held under a single Certificate of Title offering an exceptional opportunity to obtain a substantial land holding ripe for redevelopment. A rare opportunity to secure a 36.58m* frontage to Oaklands Road with a total site area of 2,304 sqm* offering a multitude of options (STCC). In conjunction with the endless opportunities the property will have a holding income. The site is located just 12km* south west of the Adelaide CBD.
The property features the following key characteristics:
- 2,304m2 total Land Area*
- Gross building area of 997 sqm* plus mezzanine area of 125 sqm*
- 36.58m* frontage to Oaklands Road
- Exposure to 15,300* vehicles, daily
- Zoned Employment
- Tightly held location
- Strong Holding Income
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Property Details for 55 Oaklands Rd, Somerton Park

Building Type
Commercial
Floor Size
1122m2
Land Size
2304m2

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About Somerton Park 5044

The size of Somerton Park is approximately 2.3 square kilometres. It has 6 parks covering nearly 2.7% of total area. The population of Somerton Park in 2011 was 5,387 people. By 2016 the population was 5,544 showing a population growth of 2.9% in the area during that time. The predominant age group in Somerton Park is 50-59 years. Households in Somerton Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerton Park work in a professional occupation. In 2011, 65% of the homes in Somerton Park were owner-occupied compared with 68.3% in 2016.

Somerton Park has 3,011 properties. Over the last 5 years, Houses in Somerton Park have seen a 127.60% increase in median value, while Units have seen a 84.76% increase. As at 30 November 2024:

  • The median value for Houses in Somerton Park is $1,805,644 while the median value for Units is $723,410.
  • Houses have a median rent of $700 while Units have a median rent of $498.
There are currently 15 properties listed for sale, and 1 property listed for rent in Somerton park on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Somerton park.

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Mark Tettis
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LJ Hooker Commercial Adelaide
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