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
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0About 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 1,032 properties. Over the last 5 years, Houses in Marino have seen a 92.81% increase in median value, while Units have seen a 116.68% increase. As at 31 October 2024:
- The median value for Houses in Marino is $1,170,644 while the median value for Units is $488,247.
- Houses have a median rent of $660.
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