OFF MARKET

234 Onkaparinga Valley Road
Oakbank SA 5243

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 234m2
Land area: 511m2
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Property Details for 234 Onkaparinga Valley Rd, Oakbank

Building Type
Commercial
Floor Size
234m2
Land Size
511m2
Local Government
Adelaide Hills
Lot/Plan
A100/D12976

Last Listing description (April 2017)

Opportunity knocks!!
Utilised as the Oakbank General Store for many decades, the property has been renovated and upgraded considerably over the years. This property offers so many prospects for the commercially savvy buyer.
The front of the building offers what was previously the main commercial area. Previously customers would enter via the front door into the shop . The room, now utilised as living and dining, (by the current tenants) offers high ceilings, polished timber floors, reverse cycle air-conditioning, timber venetians along the front windows and a sink and dishwasher at the rear of the room. There is direct access to the study which was previously the postal room (the wall mounted post boxes still remain).

Further along the room is access to the huge rear elevated master bedroom with new carpet and fresh paint. Access to the full brick and stone lined cellar is also gained via a set of drop stairs from the shop (access currently sealed). From the shop there is also access via a set of bi-fold doors to the concrete, and brick paved entertainment area. This has now been fully enclosed via friendly neighbour privacy fencing and offers complete privacy. The elevated kitchen offers electric oven, sink facilities and under-bench storage plus a servery window through to the shop /living area.
At the rear of the home is a separate family living area positioned in an L shape configuration with carpet flooring. This room also overlooks an atrium area, which, with a small amount of imagination, could be transformed into an eye catching indoor/outdoor greenery. There are two bedrooms leading off of this living area, both offering high ceilings, carpet flooring and adjoining is the bathroom and semi-combined laundry. The bathroom offers shower over bath, vanity and toilet.
The rear of the building, under the main roof, offers a single, partly enclosed car carport with direct access to the main building, plus a separate large storage room. The exterior courtyard offers a lawn area and paved entertainment area, complete with shade sails.
This is an outstanding opportunity for a savvy business operator to run a shop front business, with prime Main road frontage, whilst utilising the living facilities at the rear due to ongoing existing usage over many years (Business type STCC). Or purchase as an investment with immediate returns.
The property is currently rented on a fixed term residential basis at $400 per week.

Property History for 234 Onkaparinga Valley Rd, Oakbank, SA 5243

A timeline of how this property has performed in the market
Last Transferred
$448,276
23 Dec 2022
Listed for Rent
$400/w
16 Mar 2016
  • 23 Dec 2022
    Transferred for $448,276
  • 19 Apr 2017
    Sold for $465,000
  • 05 Jul 2016
    Listed for Sale Under Contract $485,000
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About Oakbank 5243

The size of Oakbank is approximately 27.4 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Oakbank in 2011 was 922 people. By 2016 the population was 852 showing a population decline of 7.6% in the area during that time. The predominant age group in Oakbank is 50-59 years. Households in Oakbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakbank work in a professional occupation. In 2011, 80.5% of the homes in Oakbank were owner-occupied compared with 82.4% in 2016.

Oakbank has 471 properties. Over the last 5 years, Houses in Oakbank have seen a 70.08% increase in median value, while Units have seen a 62.90% increase. As at 31 October 2024:

  • The median value for Houses in Oakbank is $1,046,695 while the median value for Units is $523,548.
  • Houses have a median rent of $395.
There are currently 3 properties listed for sale, and no properties listed for rent in Oakbank on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Oakbank.

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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.