724 Port RoadBeverley SA 5009
Property Details for 724 Port Rd, Beverley
Last Listing description (December 2023)
Raine & Horne Commercial are pleased to present to the market 724 Port Road, Beverley & 9-11 Howards Road Beverley, For Sale by Expression of Interest closing Wednesday 6th September 2023 at 12pm (ACST).
Fantastic opportunity to secure a low-risk multi-tenanted investment with redevelopment potential. Long standing tenants include Beaumont Tiles who was recently purchased by Bunnings, CNW Electrical and Lotus Kitchen By Design.
Located with close access to both the Port River Expressway and South Road Superway connecting Adelaide's North-South Main Transport Corridor.
Property highlights and features:
> High exposure site of 7,371 square metres*over 3 titles
> Building area of 2,820 square metres*
> Rental income circa of $292,054.78 per annum from 1st October 2023
> Tenants pay statutory outgoings (excluding Land Tax)
> Significant frontage of 52.45 metres* onto Port Road
> Additional Frontage of 84.93 metres* onto Howards Road
> 8.5 kilometres* from the CBD
> Redevelopment / Demolition Clauses in 2 of the 3 leases
> Zoned Employment and Strategic Employment (split across titles) within the City of Charles Sturt
For Sale by Expression of Interest closing Wednesday 6th September 2023 at 12pm (ACST).
For more information or to arrange an inspection, please contact Daniel Romeo 0413 383 370
(* approx.)
(Any outlines indicative only)
(stuc) - Subject to usual consents
ALL AREAS AND DIMENSIONS ARE APPROXIMATE ONLY AND HAVE NOT BEEN SURVEYED. PROSPECPECTIOVE PRUCAHSERS SHOULD MAKE THEIR OWN ENQUIRES IN REGARDS TO ACCURCY OF ALL DIMEMSIONS
(RLA 205498).
Property History for 724 Port Rd, Beverley, SA 5009
- 11 Dec 2023Sold for $4,975,000
- 07 Aug 2023Listed for Sale EXPRESSION OF INTEREST
- 21 May 2020Transferred for $2,550,000
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0About Beverley 5009
The size of Beverley is approximately 1.5 square kilometres. It has 2 parks covering nearly 3.1% of total area. The population of Beverley in 2011 was 1,414 people. By 2016 the population was 1,520 showing a population growth of 7.5% in the area during that time. The predominant age group in Beverley is 40-49 years. Households in Beverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Beverley work in a professional occupation. In 2011, 60.3% of the homes in Beverley were owner-occupied compared with 59.7% in 2016.
Beverley has 1,057 properties. Over the last 5 years, Houses in Beverley have seen a 73.12% increase in median value, while Units have seen a 70.83% increase. As at 31 July 2024:
- The median value for Houses in Beverley is $845,264 while the median value for Units is $506,592.
- Houses have a median rent of $530 while Units have a median rent of $270.
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