SOLD
Sold on 31 Oct 2024 for $2,400,000

401-403 Burton Road
Burton SA 5110

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2136m2
Land area: 8093m2
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Property Details for 401-403 Burton Rd, Burton

Building Type
Commercial
Floor Size
2136m2
Land Size
8093m2
Local Government
Salisbury
Lot/Plan
A21/F114382

Last Listing description (May 2023)

FEATURES:
- Complete electrical refit throughout
- New alarm system

- New/Improved cranes
- New Airconditioning throughout office

Passing income of $136,045 net

3x gantry cranes* (up to 10 tonnes)

Burton is an established mixed use area consisting or Industrial, Agricultural and Residential. The new north-south roadway has unlocked the Outer North for accessibility, appealing to both developer and occupier opportunities. The property offers future development growth with only a 26.9% site coverage.

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Property History for 401-403 Burton Rd, Burton, SA 5110

A timeline of how this property has performed in the market
Last Sold
$2,400,000
31 Oct 2024
Listed for Rent
$1/w
12 Jan 2021
  • 31 Oct 2024
    Sold for $2,400,000
  • 01 May 2023
    Sold for $2,340,000
  • 28 Oct 2021
    Listed for Sale Contact Agent
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About Burton 5110

The size of Burton is approximately 5.7 square kilometres. It has 18 parks covering nearly 15.3% of total area. The population of Burton in 2011 was 6,152 people. By 2016 the population was 6,343 showing a population growth of 3.1% in the area during that time. The predominant age group in Burton is 0-9 years. Households in Burton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Burton work in a labourer occupation. In 2011, 72.2% of the homes in Burton were owner-occupied compared with 71.9% in 2016.

Burton has 2,491 properties. Over the last 5 years, Houses in Burton have seen a 113.67% increase in median value, while Units have seen a 117.94% increase. As at 31 October 2024:

  • The median value for Houses in Burton is $632,374 while the median value for Units is $588,038.
  • Houses have a median rent of $575.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Burton on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Burton.

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