8/24 Bridge StreetBalhannah SA 5242
Property Details for 8/24 Bridge St, Balhannah
Last Listing description (November 2023)
Start, or add to your Commercial Property Investment Portfolio at an affordable level. The commercial lease here is all in place, with rental income from the tenant who operates the established and popular 'Furry Friends Professional Pet Styling' business.
The premises are situated within a Strata group complex which is well maintained and enjoys plenty of shared on-site parking. The tenancy is rectangular-shaped, with an internal floor area of approximately 54 sqm, equipped and fitted out by the tenant to suit their pet grooming business. The complex has shared WC facilities that are close-by.
The tenant has operated the business here since May 2021, with an extended lease commitment now running through until 19-May-29, and an option to renew thereafter for a further 5 years.
The current net rent is $14,000 pa (plus GST), adjusting to $16,500 pa net (plus GST if applicable) as part of the already committed to renewal term from 20-May-24. Rent is then reviewed annually in line with CPI adjustments and a market review at commencement of the next renewal term in May 2029.
The Lease is structured to enable all standard Outgoings for the property to be on-charged to the tenant. The most recent annual figures have been:
- Council Rates $1,237.14 (+GST)
- SA Water charges $693.31 (+GST)
- Emergency Services Levy $264.45 (+GST)
- Strata fees $1.340.40 (+GST)
TOTAL $3,535.30 (+GST)
Other operators within the centre include a small animal veterinary clinic, fodder store, hairdressers, a jeweller, air conditioning business, plus group of professional offices.
Zoned 'Township'
Adelaide Hills Council
Strata Titled
FOR SALE at $270,000
Nil GST (as being sold as a going concern)
Nil stamp duty
For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Harry Sanders 0431 057 346
Nigel Grivell 0414 257 999
Property History for 8/24 Bridge St, Balhannah, SA 5242
- 05 Apr 2024Sold for $270,000
- 01 Nov 2023Listed for Sale $270,000
- 27 Oct 2020Listed for Rent - Price not available
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About Balhannah 5242
The size of Balhannah is approximately 30.8 square kilometres. It has 12 parks covering nearly 2.9% of total area. The population of Balhannah in 2011 was 1,075 people. By 2016 the population was 1,599 showing a population growth of 48.7% in the area during that time. The predominant age group in Balhannah is 50-59 years. Households in Balhannah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balhannah work in a professional occupation. In 2011, 77.8% of the homes in Balhannah were owner-occupied compared with 78.9% in 2016.
Balhannah has 824 properties. Over the last 5 years, Houses in Balhannah have seen a 67.43% increase in median value, while Units have seen a 59.45% increase. As at 31 October 2024:
- The median value for Houses in Balhannah is $913,457 while the median value for Units is $542,875.
- Houses have a median rent of $380.
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