OFF MARKET

303 Glen Osmond Road
Glenunga SA 5064

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1324m2
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Property Details for 303 Glen Osmond Rd, Glenunga

Building Type
Commercial
Land Size
1324m2
Local Government
Burnside
Lot/Plan
A55/F15735

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

A timeline of how this property has performed in the market
Last Sold
$6,065,000
03 Jun 2021
  • 03 Jun 2021
    Sold for $6,065,000
  • 07 Sep 2020
    Listed for Sale Contact Agent
  • 23 Jun 2014
    Sold for $3,451,000

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About 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 988 properties. Over the last 5 years, Houses in Glenunga have seen a 76.75% increase in median value, while Units have seen a 77.08% increase. As at 30 September 2024:

  • The median value for Houses in Glenunga is $1,832,592 while the median value for Units is $672,986.
  • Houses have a median rent of $770 while Units have a median rent of $435.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Glenunga on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Glenunga.

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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.