548 Greenhill RoadHazelwood Park SA 5066
Property Details for 548 Greenhill Rd, Hazelwood Park
Last Listing description (April 2017)
Rare opportunity for small investor or an intending future owner occupier to acquire strata titled premises with valuable developmental and licensing approvals in place to operate as a licensed restaurant with an associated take-a-way outlet.
Unit 5, form part of a landmark and tightly held strata titled complex as owned by individual entities and is prominently positioned along Greenhill Road at the intersection of Glynburn Road.
Unit 5 has a lettable area of about 100 sq.m and for many years has been utilised as a Licensed Restaurant, currently operating as 'Samui Thai'.
The existing rental rate is conservative given the location of the premises and its approved land use therefore providing genuine rental/capital growth prospects.
The property is offered for definite sale at $545,000.000 and the existing lease will be assigned to the purchaser at settlement with no variations.
Contact Sole Agents - George Zogopoulos on 8410 6444 or 0412 824 278.
Property History for 548 Greenhill Rd, Hazelwood Park, SA 5066
- 30 Oct 2017Sold for $510,000
- 04 Nov 2016Listed for Sale Not Disclosed
- 26 Apr 2013Sold for $395,000
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About Hazelwood Park 5066
The size of Hazelwood Park is approximately 0.9 square kilometres. It has 5 parks covering nearly 17% of total area. The population of Hazelwood Park in 2011 was 1,969 people. By 2016 the population was 1,863 showing a population decline of 5.4% in the area during that time. The predominant age group in Hazelwood Park is 40-49 years. Households in Hazelwood Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hazelwood Park work in a professional occupation. In 2011, 76.9% of the homes in Hazelwood Park were owner-occupied compared with 79.6% in 2016.
Hazelwood Park has 903 properties. Over the last 5 years, Houses in Hazelwood Park have seen a 73.93% increase in median value, while Units have seen a 52.73% increase. As at 31 October 2024:
- The median value for Houses in Hazelwood Park is $1,700,134 while the median value for Units is $630,285.
- Houses have a median rent of $740 while Units have a median rent of $490.
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