OFF MARKET

32 Norman Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 392m2
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Last updated 2 Sep 2024
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Property Details for 32 Norman St, Adelaide

Building Type
Commercial
Land Size
392m2
Local Government
Adelaide
Lot/Plan
U2/S12883

Last Listing description (November 2024)

Property Features:
Substantial building area of approximately 827 square metres across two levels
High-quality construction with potential for extension or further development (subject to council consent)

Building services include a grease trap and multiple water and waste connections
Flexible options to utilise the existing improvements or redevelop (subject to council consent)
Previously used as a childcare centre, complete with a small enclosed grassed area
Five exclusive on-site car parks
Zoned City Main Street
Fully renovated in 2022
Vacant possession, ready for immediate occupation

Perfect for owner-occupiers looking to establish their business in a prime location with excellent growth potential.

For more information, please contact Simon Hou at 0423 807 866.

Property History for 32 Norman St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$1,980,000
30 Sep 2022
Listed for Rent
$20k/w
20 Sep 2023
  • 29 Jun 2024
    Listed for Sale Not Disclosed
  • 31 Jul 2023
    Listed for Rent - Price not available
  • 30 Sep 2022
    Sold for $1,980,000

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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 17,721 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.
There are currently 181 properties listed for sale, and 87 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1001 properties were sold in the past 12 months in Adelaide.

Suburb Insights for Adelaide 5000

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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.