SOLD
Sold on 08 Dec 2023 for $1,122,880

Lower Portrush Road
Marden SA 5070

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 49m2
Land area: 992m2
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Property Details for 14 Lower Portrush Rd, Marden

Building Type
Commercial
Year Built
1994
Floor Size
49m2
Land Size
992m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A51/D34145

Last Listing description (May 2024)

- Zoned Suburban Activity Centre
- Onsite parking for up to 14 vehicles
- Offered with vacant possession

This exceptional commercial and retail opportunity is located at 14 Lower Portrush Road, Marden, boasting a high-profile position directly opposite Marden Shopping Centre.

With a generous 153sqm* of flexible building area, this property provides versatile space ideal for occupiers aiming to establish their business in the popular inner-eastern suburb of Marden. Investors will also find appeal in its prominent location, offering strategically positioned assets with strong exposure and ample parking space.

Situated on a single Certificate of Title, the site features dedicated onsite parking for 14 vehicles. Additionally, it benefits from rights of way over the adjoining land to the east, ensuring easy accessibility to Lower Portrush Road. Zoned as a Suburban Activity Centre, the property is suitable for various uses, including medical consulting, commercial offices, and retail shops (subject to necessary approvals).

Within a well-established medical precinct, the property is in close proximity to Marden Medical Clinic, My Physio SA, and Terry White Chemmart. The presence of national retailers such as Woolworths, Dan Murphy's, Australia Post, and Amcal in the adjacent Marden Shopping Centre adds significant retail appeal to the precinct.

Property History for 14 Lower Portrush Rd, Marden, SA 5070

A timeline of how this property has performed in the market
Last Sold
$1,122,880
08 Dec 2023
Listed for Rent
$1.34k/w
30 Apr 2024
  • 26 Apr 2024
    Listed for Rent - Price not available
  • 17 Jan 2024
    Listed for Rent - Price not available
  • 08 Dec 2023
    Sold for $1,122,880
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About Marden 5070

The size of Marden is approximately 1.1 square kilometres. It has 7 parks covering nearly 20.5% of total area. The population of Marden in 2011 was 2,342 people. By 2016 the population was 2,312 showing a population decline of 1.3% in the area during that time. The predominant age group in Marden is 20-29 years. Households in Marden are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Marden work in a professional occupation. In 2011, 46.9% of the homes in Marden were owner-occupied compared with 55.5% in 2016.

Marden has 1,441 properties. Over the last 5 years, Houses in Marden have seen a 60.17% increase in median value, while Units have seen a 86.67% increase. As at 30 September 2024:

  • The median value for Houses in Marden is $1,207,769 while the median value for Units is $549,068.
  • Houses have a median rent of $600 while Units have a median rent of $490.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Marden on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Marden.

Suburb Insights for Marden 5070

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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.