SOLD
Sold on 05 Dec 2023 for $16,500,000

588 Main North Road
Gepps Cross SA 5094

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 43560m2
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Property Details for 588 Main North Rd, Gepps Cross

Building Type
Commercial
Year Built
1960
Land Size
43560m2
Local Government
Port Adelaide Enfield
Lot/Plan
A104/D15558

Last Listing description (July 2024)

Cushman & Wakefield and Leedwell are pleased to present to the market Gepps X Business Estate a next generation, gateway business park offering purpose-built facilities in a premium location. 588 Main North Road, Gepps Cross is located 9kms north of the Adelaide CBD, and offers unmatched connectivity for potential occupiers with access via Adelaides major north-south and east-west connectors including Main North Road, Port Wakefield Road, Grand Junction Road, Salisbury Highway and the Port River Expressway / Northern Connector. Access to this important road infrastructure provides immediate proximity to major customer bases, the CBD, Port of Adelaide and Airport. Commercial & General will develop the site with proven and reliable construction partner, Tandem Building Group. Commercial & General is South Australia's largest private developer and together with Tandem Building Group have a proven track record of delivering high class industrial, logistics and defence facilities throughout Adelaide for groups such as Raytheon, Siemens, OI Glass, Toyota and Cameron's Interstate. Key features includeo Purpose built industrial, logistics, defence and high-tech facilitieso Building areas 2,500 sqm* up to 20,000 sqm*o High spec, premium quality construction o Corporate business park environmento Ultimate gateway location with exceptional connectivity o Access via Port Wakefield Road and Main North Roado Zoned Employment, City of Port Adelaide Enfield For further information, please contact the exclusive listing agents.RLA315726 - Cushman & WakefieldRLA222531 - Leedwell*approximate

Property History for 588 Main North Rd, Gepps Cross, SA 5094

A timeline of how this property has performed in the market
Last Sold
$16,500,000
05 Dec 2023
Listed for Rent
$200k/w
12 Jul 2023
  • 17 Jul 2024
    Listed for Rent - Price not available
  • 05 Dec 2023
    Sold for $16,500,000
  • 18 May 2022
    Listed for Rent - Price not available
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About Gepps Cross 5094

The size of Gepps Cross is approximately 3.6 square kilometres. It has 4 parks covering nearly 29% of total area. The population of Gepps Cross in 2011 was 595 people. By 2016 the population was 631 showing a population growth of 6.1% in the area during that time. The predominant age group in Gepps Cross is 20-29 years. Households in Gepps Cross are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gepps Cross work in a labourer occupation. In 2011, 76.4% of the homes in Gepps Cross were owner-occupied compared with 71.8% in 2016.

Gepps Cross has 447 properties. Over the last 5 years, Houses in Gepps Cross have seen a 87.34% increase in median value, while Units have seen a 94.36% increase. As at 30 September 2024:

  • The median value for Houses in Gepps Cross is $735,671 while the median value for Units is $425,733.
  • Houses have a median rent of $340.
There are currently no properties listed for sale, and 2 properties listed for rent in Gepps cross on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Gepps cross.

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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.