OFF MARKET

74/74 Melbourne Street
North Adelaide SA 5006

Bedrooms: -
Bathrooms: -
Car spaces: -
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Last updated 11 Nov 2024
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Property Details for 74/74-A Melbourne St, North Adelaide

74/74-A Melbourne St, North Adelaide is a 0 bedroom, 0 bathroom House.

Building Type
House
Local Government
Adelaide

Last Listing description (May 2019)

Keep as is, renovated or go big with the potential to go four stories high(STCC)

Ray White Adelaide Group is proud to present this awesome offering.


Located in one of Adelaide's premier streets, with a mix of shops, residences and offices.

A short stroll to the Adelaide CBD, Adelaide Oval and everything else North Adelaide has to offer

Land Size 529sqm approx

Currently split into two tenancies, one used as a storage station and the other a cafe

Total Building site area of 171sqm approx

Rear access from Sussex Street, 9 meter frontage to Melbourne St.

Main Street (Melbourne East) zoning allowing for future development up to 4 storey's high (STCC)

74 leased until 31st October 2019 - $36,427p.a. plus GST & 74a leased until 30th June 2019 - $20,020p.a. plus GST with options for another 4 years. These figures are from the commencement of each lease, they have risen since then

Please feel free to call me to discuss any further questions or quieries you may have.


RLA 275886|250254

Property History for 74/74-A Melbourne St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
  • 10 Aug 2018
    Listed for Sale $1,100,000 - $1,200,000

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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 4,726 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 21 properties listed for sale, and 24 properties listed for rent in North adelaide on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in North adelaide.

Suburb Insights for North Adelaide 5006

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.