OFF MARKET

1A Park Street
Hyde Park SA 5061

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 117m2
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Property Details for 1a Park St, Hyde Park

Building Type
Commercial
Year Built
1980
Land Size
117m2
Local Government
Unley
Lot/Plan
A129/F11105

Last Listing description (June 2023)

Funky studio premises, within a stand-alone building located in a peaceful, yet convenient position close to Unley Road.

Internally the space comprises a main open plan area of approximately 64.2 sqm, plus three individual rooms - one of which includes a kitchenette. There is also a bathroom with WC and connections for a shower.

Total floor area is approximately 105 sqm.

Previous uses have included Art Galleries and Beauty Services. Possible further uses (STCC) might include:
Specialist retail
Art & design studio
Health / wellbeing
Professional offices
Craft workshop
Possibly scope for a combined Residential/Office studio - a live and work combo

Please note, consent for food or medical uses may be problematic here due to lack of car parking required to support a change of use council application.

Torrens tiled, with a right of way access over the adjacent car park used for adjoining businesses. There is no car parking space included with this property, but there is public and street parking within a short walking distance close-by.

The front of the building features a large glazed window, behind which is a roller door (currently not used). There is scope to remove the glazing and utilise the roller door if loading access were a specific requirement. Otherwise the roller door could be screened off.

Further features include:
Split system A/C units x2
Floating floor to main open plan area
Full height ceilings to underside of roof, 3.8m in height at the apex
Ceiling mounted strip lighting
Sisalation blanket to underside of ceiling
Roller door (not currently in use) 3.2m wide
Extendable awnings over front entrance and window
Security alarm system

Note some older internal photographs have additionally been included here to show how the space presented when it was last vacant, with a suspended privacy wall shielding the glazed and roller door frontage.

Since the property is situated at the rear of a car park, exposure to Park Street is limited, but clients and customers could be directed to the premises via A-board signage if necessary.

For sale with vacant possession (tenant vacates mid-March 2023).

For further information, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:
Harry Sanders 0431 057 346
Nigel Grivell 0414 257 999

Property History for 1a Park St, Hyde Park, SA 5061

A timeline of how this property has performed in the market
Last Sold
$670,000
09 Jun 2023
Listed for Rent
$10/w
23 Feb 2017
  • 09 Jun 2023
    Sold for $670,000
  • 08 Feb 2023
    Listed for Sale Contact Agent
  • 27 Sep 2016
    Listed for Rent $26,000 / year
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About Hyde Park 5061

The size of Hyde Park is approximately 0.6 square kilometres. It has 1 park covering nearly 0.4% of total area. The population of Hyde Park in 2011 was 1,781 people. By 2016 the population was 1,654 showing a population decline of 7.1% in the area during that time. The predominant age group in Hyde Park is 40-49 years. Households in Hyde Park are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hyde Park work in a professional occupation. In 2011, 65.6% of the homes in Hyde Park were owner-occupied compared with 71.9% in 2016.

Hyde Park has 1,062 properties. Over the last 5 years, Houses in Hyde Park have seen a 62.61% increase in median value, while Units have seen a 61.09% increase. As at 30 September 2024:

  • The median value for Houses in Hyde Park is $2,039,153 while the median value for Units is $681,142.
  • Houses have a median rent of $675 while Units have a median rent of $540.
There are currently 1 property listed for sale, and 5 properties listed for rent in Hyde park on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Hyde park.

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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.