SOLD
Sold on 29 Nov 2024 for $13,200,000

700 Lower North East Road
Paradise SA 5075

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 8673m2
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Property Details for 700 Lower North East Rd, Paradise

Building Type
Commercial
Land Size
8673m2
Local Government
Campbelltown
Lot/Plan
A1/F104283

Last Listing description (May 2010)

ICONIC HOTEL INVESTMENT
???50 YEAR LEASE (5 X 10 YEARS) TO NATIONAL OPERATOR ??? INDEPENDENT PUB GROUP
???GUARANTEED ANNUAL RENTAL INCREASES

???NET INCOME $771,261 PA APPROX
???EXTENSIVE FACILITIES INCLUDING GAMING LOUNGE WITH 33 MACHINES, BISTRO, SPORTS BAR, ???THIRSTY CAMEL??? BOTTLE SHOP MOTEL, KITCHEN, AMENITIES AND MORE OF APPROXIMATELY 2,046SQM
???MASSIVE SITE OF 8,884SQM. HIGH EXPOSURE MAIN ROAD LOCATION
A STRONGLY PERFORMING HOTEL INVESTMENT UNDERPINNED BY AN ENVIABLE LONG TERM LEASE TO INDEPENENT PUB GROUP PTY LTD
??? A MAJOR NATIONAL PUB OPERATOR AND IS HIGHLY RECOMMENDED.
METHOD OF SALE
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING AT THE OFFI CES OF COLLIERS INTERNATIONAL, LEVEL 10, 99 GAWLER PLACE, ADELAIDE ON THURSDAY 11 MARCH 2010 AT 4PM.

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Property History for 700 Lower North East Rd, Paradise, SA 5075

A timeline of how this property has performed in the market
Last Sold
$13,200,000
29 Nov 2024
  • 29 Nov 2024
    Sold for $13,200,000
  • 31 May 2010
    Sold for $10,185,000
  • 10 Feb 2010
    Listed for Sale Not Disclosed
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About Paradise 5075

The size of Paradise is approximately 3.6 square kilometres. It has 21 parks covering nearly 19.8% of total area. The population of Paradise in 2011 was 6,557 people. By 2016 the population was 6,789 showing a population growth of 3.5% in the area during that time. The predominant age group in Paradise is 20-29 years. Households in Paradise are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paradise work in a professional occupation. In 2011, 70.7% of the homes in Paradise were owner-occupied compared with 70.3% in 2016.

Paradise has 3,393 properties. Over the last 5 years, Houses in Paradise have seen a 81.72% increase in median value, while Units have seen a 93.00% increase. As at 30 November 2024:

  • The median value for Houses in Paradise is $946,226 while the median value for Units is $613,840.
  • Houses have a median rent of $600 while Units have a median rent of $630.
There are currently 8 properties listed for sale, and 10 properties listed for rent in Paradise on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Paradise.

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