Rifle Range RoadFlaxman Valley SA 5235
Property Details for Lot 1 Rifle Range Rd, Flaxman Valley
Last Listing description (May 2023)
McGees Property have been appointed to offer for sale the balance of the 99 year lease over the land marked A in GP No.4 of 1988 - refer to the attached plan. The summary of the lease that is being sold is set out below:
Commenced: 1 July 1987
Term: 99 years
- Radio/transmission tower services significant area between Waikerie and Port Adelaide
- Net income of $5,225.80* (as of 31 March 2023) with attractive CPI annual rent reviews
- Two-way radio tower has five sub-leases in place
- Sub-leases to key operators such as SA Water, local radio station and internet provider
- Site area of 1,486 sqm* with only a portion used for radio tower
- Attractive rural landscape adjacent to Kaiserstuhl Conservation Park
- Located within 10 kilometres* of Tanunda, Angaston and Nuriootpa, along the Heysen Trail
- Potential for further antennas to be installed to generate further income
A copy of the lease is available upon request.
For further details regarding the Leasehold Interest in Portion Lot 1 Rifle Range Road, Flaxman Valley, contact James Juers or Oliver Grivell of McGees Property (RLA 1722).
(* approx. Any outlines indicative only.)
Property History for Lot 1 Rifle Range Rd, Flaxman Valley, SA 5235
- 01 Sep 2022Listed for Sale Contact Agents
- 02 Sep 2019Transferred
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0About Flaxman Valley 5235
The size of Flaxman Valley is approximately 95.7 square kilometres. It has 2 parks covering nearly 8.6% of total area. The population of Flaxman Valley in 2011 was 232 people. By 2016 the population was 265 showing a population growth of 14.2% in the area during that time. The predominant age group in Flaxman Valley is 60-69 years. Households in Flaxman Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Flaxman Valley work in a managers occupation. In 2011, 87.6% of the homes in Flaxman Valley were owner-occupied compared with 86.9% in 2016..
Flaxman Valley has 297 properties. Over the last 5 years, Houses in Flaxman Valley have seen a 66.25% increase in median value. As at 31 October 2024:
- The median value for Houses in Flaxman Valley is $945,207.
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