3 Commerce CrescentHindmarsh Valley SA 5211
Property Details for 3 Commerce Cres, Hindmarsh Valley
Last Listing description (June 2023)
An outstanding Commercial investment opportunity presents, with the release of this fully tenanted site. Located on a prime 2,909 m2 corner allotment, the property is home to three long term tenants, as well as one smaller tenancy with a periodic lease.
The tenancies include:
DPTI - 360 sqm
Original Lease 01/06/2016 to 31/05/2018
Lease Extension 01/06/2018 to 31/05/2023
Lease Extension 01/06/2023 to 31/05/2028
Further right of renewal for 5 years
Exercise Physiology South Pty Ltd - 378 sqm
Original Lease 01/08/2022 to 31/07/2025
Further right of renewal of 2 + 2 years
Goods to Go & Café - 198 sqm
Original Lease 01/08/2022 to 31/07/2025
Further right of renewal of 2 + 2 years
Storage Rental - 173 sqm
Periodic rental agreement
Improvements include a large solar system, which is credited against the tenant's power costs. Other improvements include 29 on site car parks, all sheds with high clearance sliding doors for easy access. All tenancy fitouts are the property of the tenants.
The property has been exceptionally well maintained by the current owners and is immaculately presented. The location will also impress, being found in the rapidly expanding Lincoln Park industrial precinct, just opposite the Fleurieu Aquatic Center. Access to the property is just off Waterport Road, the arterial bypass road linking Victor Harbor to Goolwa.
Commercial opportunities of this calibre rarely come onto the market and represent excellent long term value to astute investors.
Property History for 3 Commerce Cres, Hindmarsh Valley, SA 5211
- 23 Jun 2023Sold for $1,505,000
- 23 Mar 2023Listed for Sale $1,450,000 to $1,550,000
- 20 Jul 2017Listed for Sale Not Disclosed
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About Hindmarsh Valley 5211
The size of Hindmarsh Valley is approximately 78.7 square kilometres. It has 10 parks covering nearly 3.6% of total area. The population of Hindmarsh Valley in 2011 was 634 people. By 2016 the population was 460 showing a population decline of 27.4% in the area during that time. The predominant age group in Hindmarsh Valley is 50-59 years. Households in Hindmarsh Valley are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hindmarsh Valley work in a managers occupation. In 2011, 79.9% of the homes in Hindmarsh Valley were owner-occupied compared with 83.9% in 2016.
Hindmarsh Valley has 544 properties. Over the last 5 years, Houses in Hindmarsh Valley have seen a 67.89% increase in median value. As at 31 October 2024:
- The median value for Houses in Hindmarsh Valley is $990,342 while the median value for Units is $804,723.
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