SOLD
Sold on 16 Jan 2024 for $2,740,000

579-583 Magill Road
Magill SA 5072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1808m2
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Property Details for 579-583 Magill Rd, Magill

Building Type
Commercial
Land Size
1808m2
Local Government
Campbelltown
Lot/Plan
A1/F13649

Last Listing description (November 2023)

- Total building area 813 sqm
- Total site area 1,808 sqm
- Net annual income $113,766.25 p.a.

- Leased to national tenant Bridgestone Australia Ltd
- Zoned Urban Corridor (Main Street) - UC (MS)
- Adjacent Magill Village Shopping Centre

https://youtu.be/KMmWRWpCckc

AGENT: Evan Florinis
MOBILE: 0419 035 104

AGENT: Andrew Turner
MOBILE: 0419 859 130

RLA165131
www.commercialsa.com.au

Property History for 579-583 Magill Rd, Magill, SA 5072

A timeline of how this property has performed in the market
Last Sold
$2,740,000
16 Jan 2024
  • 16 Jan 2024
    Sold for $2,740,000
  • 10 Oct 2023
    Listed for Sale In excess of $1.95 million
  • 18 Jun 1996
    Sold for $515,000

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About Magill 5072

The size of Magill is approximately 3.5 square kilometres. It has 18 parks covering nearly 6.4% of total area. The population of Magill in 2011 was 8,229 people. By 2016 the population was 8,845 showing a population growth of 7.5% in the area during that time. The predominant age group in Magill is 30-39 years. Households in Magill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Magill work in a professional occupation. In 2011, 63.3% of the homes in Magill were owner-occupied compared with 65.1% in 2016.

Magill has 4,875 properties. Over the last 5 years, Houses in Magill have seen a 77.00% increase in median value, while Units have seen a 62.95% increase. As at 31 October 2024:

  • The median value for Houses in Magill is $1,172,453 while the median value for Units is $612,156.
  • Houses have a median rent of $628 while Units have a median rent of $483.
There are currently 20 properties listed for sale, and 10 properties listed for rent in Magill on OnTheHouse. According to CoreLogic's data, 205 properties were sold in the past 12 months in Magill.

Suburb Insights for Magill 5072

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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.