FOR SALE
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47 Lansdowne Terrace
Vale Park SA 5081

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 135m2
Land area: 180m2
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CHARACTER FULLY LEASED RETAIL CATERING IN PRESTIGE LOCATION

Situated on a prime corner minutes from Walkerville shopping precinct, this character premises has been held by the same owners for some 44 years. Currently leased to a well established catering business (circa 2010), the property is currently leased at a net passing rental of $35,646.60 per annum. The tenant pays outgoings (council rates, emergency services levy, SA water rates, building insurance) and bi-annual servicing of the grease trap. The premises predominantly used for external catering plus retail sales on selected days.
The location is exceptional and the business model dovetails perfectly with the local community. vale Park sits adjacent Walkerville and a short walk to linear park and the Torrens River and minutes to the CBD and North Adelaide. This is an exceptional investment opportunity and one to seriously consider.
*All Areas/dimensions are approximate
RLA 283100

Property Details for 47 Lansdowne Tce, Vale Park

Building Type
Commercial
Floor Size
135m2
Land Size
180m2

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About Vale Park 5081

The size of Vale Park is approximately 1 square kilometres. It has 6 parks covering nearly 9.9% of total area. The population of Vale Park in 2011 was 2,158 people. By 2016 the population was 2,229 showing a population growth of 3.3% in the area during that time. The predominant age group in Vale Park is 40-49 years. Households in Vale Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vale Park work in a professional occupation. In 2011, 76.1% of the homes in Vale Park were owner-occupied compared with 75.8% in 2016.

Vale Park has 1,236 properties. Over the last 5 years, Houses in Vale Park have seen a 85.46% increase in median value, while Units have seen a 74.74% increase. As at 30 November 2024:

  • The median value for Houses in Vale Park is $1,498,709 while the median value for Units is $744,731.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 6 properties listed for sale, and 1 property listed for rent in Vale park on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Vale park.

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David Ente
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Raine & Horne Commercial SA
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