OFF MARKET

29 Main North Road
Medindie SA 5081

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 585m2
Land area: 1080m2
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Property Details for 29 Main North Rd, Medindie

Building Type
Land
Year Built
1998
Floor Size
585m2
Land Size
1080m2
Local Government
Walkerville
Lot/Plan
A27/F136978

Last Listing description (October 2020)

CBRE are proud to present this fantastic future development site on behalf of our valued clients Jarvis. 29 Main North Road, Medindie offers a prime opportunity to capitalise on the ready to go existing improvements for a car dealership or develop this significant dual access site.

The surrounding area includes a strong level of established car dealerships and retail outlets including Solitaire Volkswagen, Stillwell Ford and Kia and OTR. Given the sites size, access and surroundings this property offers the purchaser a once in a lifetime opportunity. We further highlight the key features of the property for consideration:


- Perfectly positioned 1,152sqm* land holding
- High exposure site with over 53,000* daily passing vehicles
- Frontages onto Main North Road (66 metres*) and Dutton Terrace (45 metres*)
- Modern dealership improvements of 599sqm* GLA
- Zoned Mixed Use in the Walkerville Council
- Offered with short-term holding income

FOR SALE VIA PRIVATE TREATY OFFERS ABOVE $2,000,000

RLA208125

*Approx.

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Property History for 29 Main North Rd, Medindie, SA 5081

A timeline of how this property has performed in the market
Last Transferred
29 Jun 2016
Listed for Rent
$3.07k/w
19 Mar 2009
  • 01 Oct 2019
    Listed for Sale EXPRESSIONS OF INTEREST
  • 29 Jun 2016
    Transferred
  • 20 Dec 2010
    Sold for $2,250,000
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About Medindie 5081

The size of Medindie is approximately 0.7 square kilometres. The population of Medindie in 2011 was 1,128 people. By 2016 the population was 1,187 showing a population growth of 5.2% in the area during that time. The predominant age group in Medindie is 10-19 years. Households in Medindie are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Medindie work in a professional occupation. In 2011, 87.4% of the homes in Medindie were owner-occupied compared with 86.9% in 2016.

Medindie has 475 properties. Over the last 5 years, Houses in Medindie have seen a 89.44% increase in median value, while Units have seen a 44.75% increase. As at 30 November 2024:

  • The median value for Houses in Medindie is $2,265,508 while the median value for Units is $650,569.
  • Houses have a median rent of $850.
There are currently 1 property listed for sale, and 1 property listed for rent in Medindie on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Medindie.

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