1 Marine ParadeMarino SA 5049
Property Details for 1 Marine Pde, Marino
Last Listing description (January 2018)
*PLEASE BE ADVISED - BUSINESS AS USUAL WITH CURRENT OWNERS*
OPTIONS TO PURCHASE:
OPTION 1 - LEASED INVESTMENT
- $75,000 PA rental income + GST + Outgoings
- Asking Price $1,550,000
OPTION 2 - PROPERTY & EQUIPMENT
- For Sale By Negotiation
An exciting opportunity to secure the iconic Marino Rock s Cafe Restaurant, renown for delicious seafood and fine dining experience with captivating sea & coastal views from the Marino Esplanade. Owned & operated by the same family of some 20 years, now seeking a lifestyle change. Huge potential for profitability with established clientele, perfect for an astute couple or business partnership. Further scope for owner/operator to transform second floor into residence and continue operating business on ground level (STCC).
Zoned Residential: Hill s policy area 11
- Elevated corner esplanade position of 622m2 (approx)
- Spectacular sea & coastal views
- Bars, dining & alfresco facilities
- 5 licensed areas across 2 levels
- Second floor hosts multiple functions all year round
- Extensive commercial kitchen with plant & equipment
- Ground floor 70 seating capacity
- Second floor 140 seating capacity
- Fully licensed take away trade with strong repeat clientele
- Onsite parking & public parking
Property History for 1 Marine Pde, Marino, SA 5049
- 14 Dec 2023Sold for $2,532,200
- 27 Jun 2022Sold for $1,870,000
- 06 Apr 2018Sold for $1,440,000
Commute Calculator
Recent sales nearby
See more recent sales nearbySimilar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
About Marino 5049
The size of Marino is approximately 3.3 square kilometres. It has 8 parks covering nearly 11.4% of total area. The population of Marino in 2011 was 2,001 people. By 2016 the population was 2,183 showing a population growth of 9.1% in the area during that time. The predominant age group in Marino is 50-59 years. Households in Marino are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Marino work in a professional occupation. In 2011, 80.9% of the homes in Marino were owner-occupied compared with 82.8% in 2016.
Marino has 1,041 properties. Over the last 5 years, Houses in Marino have seen a 105.32% increase in median value, while Units have seen a 130.63% increase. As at 31 July 2024:
- The median value for Houses in Marino is $1,261,374 while the median value for Units is $684,174.
- Houses have a median rent of $720.
Suburb Insights for Marino 5049
Market Insights
Marino Trends for Houses
N/A
N/A
View TrendN/A
N/A
Marino Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
