SOLD
Sold on 27 Feb 2024 for $631,000

1/22 Melbourne Street
North Adelaide SA 5006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 98m2
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Property Details for 1/22 Melbourne St, North Adelaide

Building Type
Commercial
Land Size
98m2
Local Government
Adelaide
Lot/Plan
U1/S6787

Last Listing description (May 2024)

Elevate your presence and seize a unique investment opportunity with this prime commercial space, strategically positioned in an ideal city-fringe location in North Adelaide. This ground-floor office, spanning approximately 85sqm, not only provides a tailored space for professional offices but also serves as an excellent investment for your portfolio.

- Strategic Ground Floor Position: Enjoy the accessibility and convenience of its ground-floor location, ensuring seamless operations for your business and maximizing its potential as a lucrative investment.

- Functional Partitioning: thoughtfully partitioned, a functional layout is offered which caters to the specific needs of various offices
- Parking Convenience: benefit from the luxury of two undercover on-site car parks ensuring hassle-free access and secure parking for the team

Positioned in the vibrant hub of North Adelaide, this commercial property offers more than just a workspace. Take advantage of the rich array of amenities in the surrounding area, including cafes and restaurants, local shops, proximity to parks and accessible transport links to the Adelaide CBD and beyond. Secure your future success and capitalise on a promising investment opportunity with this versatile commercial space.

Disclaimer:
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement. All dimensions & land sizes quoted are an approximation only and at the purchasers discretion to confirm. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. RLA 175322

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Property History for 1/22 Melbourne St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
Last Sold
$631,000
27 Feb 2024
Listed for Rent
$412/w
05 Apr 2019
  • 27 Feb 2024
    Sold for $631,000
  • 29 Nov 2023
    Listed for Sale $600,000 - $660,000
  • 25 Feb 2019
    Listed for Rent $20,000 / year
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About North Adelaide 5006

The size of North Adelaide is approximately 5.1 square kilometres. It has 40 parks covering nearly 57.8% of total area. The population of North Adelaide in 2011 was 6,678 people. By 2016 the population was 6,969 showing a population growth of 4.4% in the area during that time. The predominant age group in North Adelaide is 20-29 years. Households in North Adelaide are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Adelaide work in a professional occupation. In 2011, 49.1% of the homes in North Adelaide were owner-occupied compared with 48.8% in 2016.

North Adelaide has 4,725 properties. Over the last 5 years, Houses in North Adelaide have seen a 65.28% increase in median value, while Units have seen a 37.73% increase. As at 31 October 2024:

  • The median value for Houses in North Adelaide is $1,503,479 while the median value for Units is $728,363.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 16 properties listed for sale, and 24 properties listed for rent in North adelaide on OnTheHouse. According to CoreLogic's data, 188 properties were sold in the past 12 months in North adelaide.

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LJ Hooker West Lakes | Henley Beach
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