22 Famechon CrescentModbury North SA 5092
Property Details for 22 Famechon Cres, Modbury North
Last Listing description (November 2023)
Wonderful Industrial investment opportunity in Modbury North!
514 sqm Office/Warehouse + 55 sqm of mezzanine
Two tenancies on secure leases
Hardstand yard area with off street car parking
Secure site with automatic sliding gate
Zoned Employment in the City of Tea Tree Gully
Certificate of Title: Vol 5405 Folio 935
Lease information:
Unit 1:
$37,450 net per annum
3 year term commencing 19th September 2022
Unit 2:
$28,243 net per annum
3 + 2 year terms commencing 1st June 2021
Market review due 1st June 2024
No GST and No stamp duty applicable on the sale!
Expressions of Interest closing 26th October 2023 (unless sold prior).
If you would like any further information or if you would like to view the property, please contact the agent Lou Whitelock.
Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, neither the agent nor vendor guarantee this information. We accept no liability for any errors or omissions. All interested parties should conduct their own due diligence and seek independent advice.
*Approx.
RLA 134
Property History for 22 Famechon Cres, Modbury North, SA 5092
- 30 Jan 2024Sold for $1,320,000
- 28 Sep 2023Listed for Sale EXPRESSIONS OF INTEREST - CLOSES 26 OCT 23 (USP)
- 30 Jul 2021Listed for Sale In excess of $1.2 million
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0About Modbury North 5092
The size of Modbury North is approximately 2.9 square kilometres. It has 18 parks covering nearly 22.1% of total area. The population of Modbury North in 2011 was 5,554 people. By 2016 the population was 5,608 showing a population growth of 1.0% in the area during that time. The predominant age group in Modbury North is 30-39 years. Households in Modbury North are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury North work in a professional occupation. In 2011, 84% of the homes in Modbury North were owner-occupied compared with 81.8% in 2016.
Modbury North has 2,607 properties. Over the last 5 years, Houses in Modbury North have seen a 92.51% increase in median value, while Units have seen a 89.87% increase. As at 31 July 2024:
- The median value for Houses in Modbury North is $739,826 while the median value for Units is $546,872.
- Houses have a median rent of $550 while Units have a median rent of $290.
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