OFF MARKET

611 Magill Road
Magill SA 5072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 581m2
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Property Details for 611 Magill Rd, Magill

Building Type
Commercial
Year Built
1901
Land Size
581m2
Local Government
Campbelltown
Lot/Plan
A1/F5655

Last Listing description (December 2018)

Colliers International is delighted to offer for sale the iconic Magill Institute at 611 Magill Road, Magill.
Key investment considerations include:
Fully leased net income of approximately $194,822 per annum plus GST as at 1 December 2018.

Strong and diversified tenant profile, anchored by the University of South Australia, Alexander Brown Architects and the super-popular Hibernia Cafe.
Other tenants include prominent Adelaide businesses Donor Republic and Dressed For Sale.
High quality inner eastern suburbs investment opportunities are seldom offered to the market, let alone fully leased mixed use buildings offering a diverse and established tenancy mix.
Fully refurbished and restored to its former glory in 2016, its iconic improvements provide a building area of 686m2*.
Enviable eastern suburbs location a short 8.5km* from the Adelaide GPO and 4.5km* to cosmopolitan Norwood Parade.
Within a short walking distance to University of South Australia Magill Campus and the world renowned Penfolds Magill Estate Cellar Door.
Immediately adjacent the Magill Village which is undergoing a extensive redevelopment to further support the local communities everyday recreation, social, shopping, education and business needs providing an authentic and memorable experience.
Colliers International is exclusively appointed to offer for sale the iconic Magill Institute by way of Expressions of Interest closing Thursday 11 October 2018 at 4.00pm (ACST).
An information memorandum is available upon request.
*approx.
To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:
Oliver Totani +61 412 808 743
Tom Isaksson +61 422 154 570
Jack Dyson +61 448 685 593

Property History for 611 Magill Rd, Magill, SA 5072

A timeline of how this property has performed in the market
Last Sold
$2,425,000
26 Feb 2019
Listed for Rent
10 Sep 2018
  • 26 Feb 2019
    Sold for $2,425,000
  • 14 Sep 2018
    Listed for Sale By Negotiation
  • 20 Jun 2018
    Listed for Rent - Price not available
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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 4,907 properties. Over the last 5 years, Houses in Magill have seen a 78.38% increase in median value, while Units have seen a 65.87% increase. As at 30 November 2024:

  • The median value for Houses in Magill is $1,180,608 while the median value for Units is $622,141.
  • Houses have a median rent of $630 while Units have a median rent of $490.
There are currently 17 properties listed for sale, and 12 properties listed for rent in Magill on OnTheHouse. According to CoreLogic's data, 193 properties were sold in the past 12 months in Magill.

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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.