CBRE Metropolitan Investments are proud to present 148 Payneham Road, Evandale to market for sale via Public Auction. The property is located in the inner East is situated approximately 2.5km's for the Adelaide CBD, 1.5km's from the prestigious Norwood Parade and only a mere 250 metres from the recently upgraded Avenues Shopping Centre. This investment ticks all the boxes with a flexible, timber roof exposed office, easily adaptable to a range of businesses while sitting on a healthy 1,288sqm block for future development potential.
Key investment highlights include;
Adaptable office space with a NLA of 276sqm*
The size of Evandale is approximately 0.4 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Evandale in 2011 was 1,331 people. By 2016 the population was 1,392 showing a population growth of 4.6% in the area during that time. The predominant age group in Evandale is 30-39 years. Households in Evandale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Evandale work in a professional occupation. In 2011, 65.5% of the homes in Evandale were owner-occupied compared with 62.9% in 2016.
Evandale has 656 properties. Over the last 5 years, Houses in Evandale have seen a 66.43% increase in median value, while Units have seen a 63.29% increase. As at 31 October 2024:
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