SOLD
Sold on 15 Sep 2023 for $3,850,000

775 South Road
Black Forest SA 5035

Bedrooms: -
Bathrooms: -
Car spaces: 44
Floor area: 1576m2
Land area: 3127m2
Sold By
Professionals Tripodi
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Property Details for 775 South Rd, Black Forest

Building Type
Commercial
Year Built
1998
Floor Size
1576m2
Land Size
3127m2
Local Government
Unley
Lot/Plan
A523/D17814

Last Listing description (June 2024)

This magnificent property has office space of combined Office/ Showroom space over 2 levels of Approx 585m2 with adjoining warehouse of Approx 1,000m2 currently repurposed for Gymnastics. There is extensive carparking for up to 44 cars with ingress and egress from Emerson Road.
The office building known as Tenancy 1 consists of primarily glass offices and large open space work areas along with voluminous showroom space. The board room and upstairs offices overlook the main reception area and showroom. There are plenty of amenities with male and female toilets over both levels and a large functional kitchen upstairs.
The warehouse known as Tenancy 2 has been retrofitted by the current Lessee for Gymnastics and associated activities. It has hi-volume air-conditioning along with male and female toilets and kitchen amenities.

Each tenancy currently operates separately from each other with a combination of assigned carparking and shared visitor parking over the large corner site of Approx 3,068m2 of land over 4 titles.
Each Tenancy is securely leased to high profile Tenants.

Contact the agent Dean Tripodi 0418 821 292 for more information and to arrange a viewing appointment.

Property History for 775 South Rd, Black Forest, SA 5035

A timeline of how this property has performed in the market
Last Sold
$3,850,000
15 Sep 2023
Listed for Rent
$2.88k/w
13 Dec 2014
  • 15 Sep 2023
    Sold for $3,850,000
  • 25 Oct 2022
    Listed for Sale Contact Agent
  • 26 Sep 2014
    Listed for Rent - Price not available
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About Black Forest 5035

The size of Black Forest is approximately 0.7 square kilometres. It has 2 parks covering nearly 2.1% of total area. The population of Black Forest in 2011 was 1,998 people. By 2016 the population was 1,925 showing a population decline of 3.7% in the area during that time. The predominant age group in Black Forest is 20-29 years. Households in Black Forest are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Black Forest work in a professional occupation. In 2011, 61.2% of the homes in Black Forest were owner-occupied compared with 60.8% in 2016.

Black Forest has 951 properties. Over the last 5 years, Houses in Black Forest have seen a 79.68% increase in median value, while Units have seen a 60.98% increase. As at 31 July 2024:

  • The median value for Houses in Black Forest is $1,385,301 while the median value for Units is $551,104.
  • Houses have a median rent of $710 while Units have a median rent of $440.
There are currently 2 properties listed for sale, and 1 property listed for rent in Black forest on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Black forest.

Suburb Insights for Black Forest 5035

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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.