SOLD
Sold on 19 Jan 2024 for $900,000

31-31B Adelaide Road
Gawler South SA 5118

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 990m2
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Property Details for 31-31b Adelaide Rd, Gawler South

Building Type
Commercial
Land Size
990m2
Local Government
Gawler
Lot/Plan
A2/F139589

Last Listing description (November 2023)

This is a rare opportunity to secure an outstanding investment property and prime land holding in Gawler's premier professional services district.

Located opposite McDonald's and in close proximity to Pizza Hut, Noodle Box, KFC and various other high profile businesses.

The site has valuable rear car parking and given the size of the allotment, further development potential to unlock in the future.

Boasting three established tenants, each with strong lease terms in place, this property stands as a highly profitable addition to any investment portfolio.

Key features:
- Nett Rental: $53,776 p.a. (exc GST)
- Excellent lease terms
- 250sqm* building area
- 950sqm* site area
- High profile with exposure to over 20,400* vehicles per day
- 20m* frontage to Adelaide Road
- Zoning: Township Main Street - TMS

For Sale by Expressions of Interest closing Thursday 12th December 2023 at 4:00 pm.

For further details or to arrange an inspection please contact Jackson Dare 0423 771 611

All information contained herein is gathered from sources deemed to be reliable. However, we cannot guarantee its accuracy and interested persons should seek their own enquiries.

Property History for 31-31b Adelaide Rd, Gawler South, SA 5118

A timeline of how this property has performed in the market
Last Sold
$900,000
19 Jan 2024
Listed for Rent
22 Oct 2019
  • 19 Jan 2024
    Sold for $900,000
  • 13 Nov 2023
    Listed for Sale Expressions of interest - Closing 12th December
  • 18 Sep 2019
    Listed for Rent - Price not available
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About Gawler South 5118

The size of Gawler South is approximately 2.7 square kilometres. It has 9 parks covering nearly 7% of total area. The population of Gawler South in 2011 was 2,435 people. By 2016 the population was 2,454 showing a population growth of 0.8% in the area during that time. The predominant age group in Gawler South is 50-59 years. Households in Gawler South are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gawler South work in a trades occupation. In 2011, 64.8% of the homes in Gawler South were owner-occupied compared with 64.2% in 2016.

Gawler South has 1,617 properties. Over the last 5 years, Houses in Gawler South have seen a 111.16% increase in median value, while Units have seen a 113.27% increase. As at 31 October 2024:

  • The median value for Houses in Gawler South is $644,222 while the median value for Units is $406,613.
  • Houses have a median rent of $455 while Units have a median rent of $395.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Gawler south on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Gawler south.

Suburb Insights for Gawler South 5118

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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.