SOLD
Sold on 14 Mar 2024 for $11,020,000

1-13 Sixth Street
Bowden SA 5007

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 73m2
Land area: 829m2
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Property Details for 1-13 Sixth St, Bowden

1-13 Sixth St, Bowden is a 0 bedroom, 0 bathroom Unit and was built in 2018. The property has a land size of 829m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom Unit sold in Bowden in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
73m2
Land Size
829m2
Local Government
Charles Sturt
Lot/Plan
A163/D90924

Last Listing description (November 2023)

Under instructions from KPMG acting as Receivers and Managers, Colliers is delighted to offer for sale 1-13 Sixth Street, Bowden.

A 6-level building comprising 31 apartment units across ground and 5 upper levels, with basement car parking for 32 vehicles, all contained within a single certificate of title providing genuine opportunity for value add.

Bowden is a vibrant inner-city precinct situated just 2.5km* from the Adelaide CBD which benefits from easy access to public transport infrastructure including tram, train and bus networks. As part of the major Urban Renewal project, the location is highly appealing to residents and students given its easy connectivity to the Adelaide CBD and inner metropolitan suburbs.

The key details are:
31 Apartments on one Certificate of Title
Gross building area of 5,354sqm*
High occupancy track record
Estimated fully leased net annual income of $550,000*
Only 2.5km* from Adelaide CBD
100% freehold Interest
Exceptional opportunity to create further value
Potential depreciation benefits

*approx.

For Sale by National Expressions of Interest, closing 12pm (ACDT) Thursday 23 November 2023.

For further information, please contact the Colliers Team.

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Property History for 1-13 Sixth St, Bowden, SA 5007

A timeline of how this property has performed in the market
Last Sold
$11,020,000
14 Mar 2024
Listed for Rent
$410/w
19 Sep 2023
  • 14 Mar 2024
    Sold for $11,020,000
  • 24 Oct 2023
    Listed for Sale Please contact agent
  • 28 Feb 2020
    Listed for Rent $540 / week
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About Bowden 5007

The size of Bowden is approximately 0.4 square kilometres. It has 3 parks covering nearly 3.4% of total area. The population of Bowden in 2011 was 619 people. By 2016 the population was 931 showing a population growth of 50.4% in the area during that time. The predominant age group in Bowden is 20-29 years. Households in Bowden are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowden work in a professional occupation. In 2011, 34.4% of the homes in Bowden were owner-occupied compared with 30.5% in 2016.

Bowden has 1,586 properties. Over the last 5 years, Houses in Bowden have seen a 81.62% increase in median value, while Units have seen a 60.86% increase. As at 31 October 2024:

  • The median value for Houses in Bowden is $940,962 while the median value for Units is $634,219.
  • Houses have a median rent of $665 while Units have a median rent of $578.
There are currently 5 properties listed for sale, and 5 properties listed for rent in Bowden on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Bowden.

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