30 East TerraceAdelaide SA 5000
Property Details for 30 East Tce, Adelaide
Last Listing description (March 2024)
Ray White Norwood's Commercial Team proudly presents 30 East Tce Adelaide SA for sale by public auction on Thursday 21st March at 11am.
Being sold to finalise a deceased estate, this charming character asset is primely positioned in the tightly held Adelaide East End Dining Precinct. Seconds away from the vibrant Rundle Street and sitting directly opposite the beautiful Rymill Park which comes alive at Fringe time and when other SA major events are held.
Currently leased to a very reputable operator "EST Pizzeria" on a freshly renewed 3+3 year lease. A once in a generation opportunity to acquire an affordable retail asset in the top end of town.
Property Highlights
Leased Retail Investment
Annual Net rent of $ $39,000
Annual outgoings of $6,795.00 paid by Lessee
Primo East End location
Total approximate building area of 81sqm*
Reputable Lessee on a renewed 3 year lease
Torrens Title
Open for inspection Times
Thursday 7th March - 4pm
Wednesday 13th March - 4pm
Tuesday 19th March - 4pm
Thursday 21st March - 10:30am
Contact the exclusive Commercial Agent Matt Lazarus on 0430745100 to receive a copy of the Information memorandum.
*All areas are approximate
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Property History for 30 East Tce, Adelaide, SA 5000
- 26 Apr 2024Sold for $850,000
- 03 Mar 2024Listed for Sale Auction On-Site Thursday 21st March 11:00AM
- 13 Jan 2001Listed for Rent - Price not available
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.
Adelaide has 17,716 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:
- The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
- Houses have a median rent of $610 while Units have a median rent of $580.
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