3/198 Belair RoadHawthorn SA 5062
Property Details for 3/198 Belair Rd, Hawthorn
Last Listing description (December 2015)
Expressions of Interest closing at 5.00pm (CDST) on Friday 20th February 2015 at the offices of LJ Hooker Commercial Adelaide.
Property Description:
Constructed circa 1980, the property has been developed with a split level commercial office
The property has a Net Lettable Area (NLA) of some 1033 sqm.
Parking to the front of the building is a bituminised area with access from Belair and
Agnes Roads,providing car parking for approximately 49 cars (1 space: 21 sqm of NLA).
Site Area 2,624 sqm approximately
Tenure: Freehold
The building is predominately occupied by Kingswood Medical Clinic.
Other tenancies include The Support House, Inspire Hawthorn, Baker Solutions Group and
Robert Leader
Lease Expiry: The existing leases expire between 2015 & 2018, with the medical centre expiring 30th June & Options 2015, with one option of five (5) years.
Income Summary:
Gross Income: $282,644*
Less Budgeted 14/15 Outgoings: $64,828*
Net Passing Income: $219,000*
*Approximately
The key features of 198 Belair Road are as follows:
- Located in the prestigious suburb of Hawthorn and within the 'township' of Mitcham. The location is supported by great retail and boutique commercial tenants.
- Many of the leases are considered under market allowing the potential to gain significant reversionary rental increases at market reviews within the next few years.
- The appetite for medical services tenanted real estate has experienced growing demand in recent years due to the strong and secure fundamentals of the tenant.
- Further more, record low interest rates providing for a wider spread of net return and a lack of available quality stock is sure to see 198 Belair Road, Hawthorn will receive strong interest from the investor market.
- Multiple tenancy allows for greater flexibility and spread of risk.
Method of Sale:
198 Belair Road, Hawthorn is being sold by Expressions of Interest closing at 5.00pm (CDST) on Friday 20th February 2015 at the offices of LJ Hooker Commercial Adelaide.
Further Details For further queries on this offering please don't hesitate to contact the selling agent:-
Con Kavooris 0411 883 338
RLA 231015
Property History for 3/198 Belair Rd, Hawthorn, SA 5062
- 30 Jan 2015Listed for Sale SOLD BY CON KAVOORIS
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About Hawthorn 5062
The size of Hawthorn is approximately 1.1 square kilometres. It has 6 parks covering nearly 9.4% of total area. The population of Hawthorn in 2011 was 2,210 people. By 2016 the population was 2,187 showing a population decline of 1.0% in the area during that time. The predominant age group in Hawthorn is 10-19 years. Households in Hawthorn are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation. In 2011, 72.3% of the homes in Hawthorn were owner-occupied compared with 72.4% in 2016.
Hawthorn has 941 properties. Over the last 5 years, Houses in Hawthorn have seen a 87.32% increase in median value, while Units have seen a 68.33% increase. As at 31 October 2024:
- The median value for Houses in Hawthorn is $1,766,282 while the median value for Units is $566,997.
- Houses have a median rent of $780 while Units have a median rent of $400.
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