SOLD
Sold on 17 Nov 2023 for $533,000

5/191 Melbourne Street
North Adelaide SA 5006

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 105m2
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Sold By
CBRE South Australia RLA 208125
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Property Details for 5/191 Melbourne St, North Adelaide

Building Type
Commercial
Floor Size
105m2
Local Government
Adelaide
Lot/Plan
U5/S5627

Last Listing description (November 2023)

Located along the hustle and bustle of the ever tightly held Melbourne Street, this ideally located fully leased office suite is the perfect entry investment. The suite also includes three undercover carparks and surrounded by local amenities including local cafes, shops, and restaurants and a mere 1.5km from the Adelaide CBD. Securely leased to Agrifac on a brand-new three-year term with further options, you can invest with confidence knowing this suite will always hold underlying value

Key highlights include;

Brand-new, three-year lease commencing March 2023 with further options
Net return of $36,525* per annum with fixed 3.5% increases
Neat and tidy office fit out of 107sqm*
Recent upgrades to the building now complete including toilet amenities
Three valuable undercover car parks included

This property is For Sale via Expressions of Interest closing on Thursday the 21st of September 2023 at 4:00pm

Please contact the sole marketing agents with any other questions:
Rhyce Scott: +61 422 960 585
Ned Looker: +61 448 689 573

*Approximately

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Property History for 5/191 Melbourne St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
Last Sold
$533,000
17 Nov 2023
Listed for Rent
$939/w
07 Mar 2023
  • 17 Nov 2023
    Sold for $533,000
  • 28 Aug 2023
    Listed for Sale Contact Agent
  • 07 Sep 2022
    Listed for Rent $49,000 / 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 4,762 properties.

    There are currently 19 properties listed for sale, and 19 properties listed for rent in North adelaide on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in North adelaide.

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