96 Reservoir RoadModbury SA 5092
Property Details for 96 Reservoir Rd, Modbury
Last Listing description (July 2024)
- 2,113 sqm* building area- Estimated net rental income of $625,490*- 4.5 star NABERS rating- No Stamp Duty payableMcGees Property are favoured with instructions to sell 96 Reservoir Road, Modbury.96 Reservoir Road is currently leased to The Commonwealth of Australia. The property is situated within the exciting Modbury precinct and located directly adjacent Modbury Hospital, Westfield Tea Tree Plaza and in close proximity to the Adelaide O-Bahn.Key features of the property include:- Estimated net rental of $625,490*- Leased to The Commonwealth of Australia expiring January 2025- No further options to renew- Longstanding tenant since 2010- Building area of 2,113 sqm*- 4.5 star NABERS rating- Rental increased annually by 3% and to Market at renewal- 90 on-site car parks- Land area of 3,159 sqm*For further details or to arrange an inspection of 96 Reservoir Road, Modbury which is strictly by appointment with the selling agent only, please contact James Juers or Phillip Joncheff of McGees Property (RLA 1722)(* approx. Any outlines indicative only.)
Property History for 96 Reservoir Rd, Modbury, SA 5092
- 05 Jul 2024Sold for $8,500,000
- 01 Jul 2024Listed for Sale Contact Agents
- 28 Aug 2023Listed for Sale For Sale by Expression of Interest
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About Modbury 5092
The size of Modbury is approximately 3.3 square kilometres. It has 18 parks covering nearly 16.5% of total area. The population of Modbury in 2011 was 4,924 people. By 2016 the population was 5,233 showing a population growth of 6.3% in the area during that time. The predominant age group in Modbury is 30-39 years. Households in Modbury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury work in a professional occupation. In 2011, 66.2% of the homes in Modbury were owner-occupied compared with 64.9% in 2016.
Modbury has 2,768 properties.
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