FOR SALE
$2.4M - $2.5M

1512 Main South Road
Sturt SA 5047

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 230m2
Land area: 495m2
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Fantastic Tenanted Investment

Mastracorp Real Estate is proud to present this excellent tenanted investment opportunity for sale on the market. A fantastic investment opportunity currently tenanted and being home to Adelaide founded, iconic and oldest Pizzeria chain, Marcellina’s. Situated on one of Adelaide’s most high traffic roads, providing great front access onsite parking. Don’t miss out on a great and rare opportunity like this.
Lease Details:
· Tenanted to Marcellina Pizzeria for the past 9 Years (with a further option to renew)
· Housings Adelaide’s Oldest Pizzeria Chain - Marcellina
· Recoverable Outgoings include Council, ESL, Water, Build Insurance, Property Management & General Maintenance
Building Description:
· Total Building Area of 230.9 sqm*
· Total Courtyard Area of 42.4 sqm*
· Female and Male amenities for the Public.
· Product Storage space on the back side of the building
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Property Details for 1512 Main South Rd, Sturt

Building Type
Commercial
Floor Size
230m2
Land Size
495m2

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About Sturt 5047

The size of Sturt is approximately 1 square kilometres. It has 4 parks covering nearly 2.4% of total area. The population of Sturt in 2011 was 2,292 people. By 2016 the population was 2,546 showing a population growth of 11.1% in the area during that time. The predominant age group in Sturt is 20-29 years. Households in Sturt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sturt work in a professional occupation. In 2011, 58.2% of the homes in Sturt were owner-occupied compared with 55.5% in 2016.

Sturt has 1,334 properties. Over the last 5 years, Houses in Sturt have seen a 83.64% increase in median value, while Units have seen a 84.23% increase. As at 30 November 2024:

  • The median value for Houses in Sturt is $846,295 while the median value for Units is $700,370.
  • Houses have a median rent of $600 while Units have a median rent of $343.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Sturt on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Sturt.

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Pasquale Mastrangelo
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Mastracorp Real Estate
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