303 Glen Osmond RoadGlenunga SA 5064
Property Details for 303 Glen Osmond Rd, Glenunga
Last Listing description (July 2021)
CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.
303 Glen Osmond Road, Glenunga is located in Adelaide's affluent South-East, OTR Glenunga is the first service station and convenience retailer en route from the CBD to the Adelaide Hills. Surrounded by many complimentary retailers, this service station is a significant offering just on the edge of the Adelaide CBD.
OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia despite only operating out of SA. OTR started with a humble investment in Adelaide's North-Western suburbs in 1984 and has swiftly grown to own over 150 sites.
The property can be acquired as a single investment or within a portfolio of four Service Stations.
INVESTMENT HIGHLIGHTS:
LESSEE: On The Run Pty Ltd
TERM: 15 years commencing 1 March 2020
OPTIONS: 10x5 years
INITIAL RENT: $330,404 pa* net with annual 2.75% fixed reviews.
PROPERTY PORTFOLIO OPTION:
303 Glen Osmond Road, Glenunga SA 5064
89 Military Road, West Beach SA 5024
1 Mildred Street, Kapunda SA 5373
591 Grand Junction Road, Gepps Cross SA 5094
*approx
Property History for 303 Glen Osmond Rd, Glenunga, SA 5064
- 03 Jun 2021Sold for $6,065,000
- 07 Sep 2020Listed for Sale Contact Agent
- 23 Jun 2014Sold for $3,451,000
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0About Glenunga 5064
The size of Glenunga is approximately 0.9 square kilometres. It has 2 parks covering nearly 6.9% of total area. The population of Glenunga in 2011 was 1,867 people. By 2016 the population was 2,003 showing a population growth of 7.3% in the area during that time. The predominant age group in Glenunga is 10-19 years. Households in Glenunga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenunga work in a professional occupation. In 2011, 77.6% of the homes in Glenunga were owner-occupied compared with 75.6% in 2016.
Glenunga has 984 properties. Over the last 5 years, Houses in Glenunga have seen a 72.25% increase in median value, while Units have seen a 69.05% increase. As at 31 October 2024:
- The median value for Houses in Glenunga is $1,802,342 while the median value for Units is $659,116.
- Houses have a median rent of $755 while Units have a median rent of $450.
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