8 Curtis RoadMunno Para SA 5115
Property Details for 8 Curtis Rd, Munno Para
Last Listing description (July 2024)
RWC Adelaide in conjunction with Stonebridge is pleased to present 'RSEA Munno Para (Adelaide)' for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
The asset has the following key investment features:
• Brand new 8 year net year leases to 2032 + options with fixed annual increases up to 3.5% and 75% of income secured to market leading national tenant
• Brand new building (completed April 2024) provides outstanding tax depreciation benefits and minimal capex requirement over the long term
• Commanding 4,011 sqm* improved by newly constructed 1,906 sqm* concrete tilt panel building with prominent signage and 48 on-site car parks
• Strategic location directly adjoining newly developed BCF, Sydney Tools, Petbarn and Zambrero outlets, plus additional automotive and fast food development occurring on neighbouring lot
• Exceptional access located only 100*m to the junction of Curtis Road & Main North Road (42,400+ vehicles daily), a major four lane arterial providing access to the Adelaide CBD, only 30km away
• Key growth corridor position nearby Munno Para's $1 billion 'Playford Alive' urban renewal residential project and Town Centre, set to accommodate 40,000+ new residents on completion and driving Munno Para's forecast 200% population growth to 2046
• Adelaide is the economic powerhouse of South Australia, contributing to over 80% of South Australia's $128 billion Gross State Product
• Net Income $386,730 pa* + GST
'RSEA Munno Para (Adelaide)' is for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
Please contact the exclusively appointed Stonebridge and RWC Adelaide agents for more information.
*Approximately
Property History for 8 Curtis Rd, Munno Para, SA 5115
- 08 Aug 2024Sold for $6,557,500
- 09 May 2024Listed for Sale Price on Application
- 26 May 2023Sold for $1,540,000
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0About Munno Para 5115
The size of Munno Para is approximately 5.1 square kilometres. It has 11 parks covering nearly 15.4% of total area. The population of Munno Para in 2011 was 4,318 people. By 2016 the population was 3,733 showing a population decline of 13.5% in the area during that time. The predominant age group in Munno Para is 20-29 years. Households in Munno Para are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Munno Para work in a community and personal service occupation. In 2011, 56.4% of the homes in Munno Para were owner-occupied compared with 43.4% in 2016.
Munno Para has 3,116 properties. Over the last 5 years, Houses in Munno Para have seen a 115.06% increase in median value, while Units have seen a 90.49% increase. As at 31 July 2024:
- The median value for Houses in Munno Para is $566,614 while the median value for Units is $447,115.
- Houses have a median rent of $500 while Units have a median rent of $430.
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