SOLD
Sold on 21 Oct 2024 for $1,110,000

134-136 Waterloo Corner Road
Paralowie SA 5108

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 167m2
Land area: 1587m2
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Property Details for 134-136 Waterloo Corner Rd, Paralowie

Building Type
Commercial
Year Built
1964
Floor Size
167m2
Land Size
1587m2
Local Government
Salisbury
Lot/Plan
A10/F38967

Last Listing description (October 2024)

*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://my.matterport.com/show/?m=P7wRxsuRtyi

Auction Thursday the 19th of September 2024 onsite at 6:15pm (Unless Sold Prior)

To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/

Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market a substantial solid brick property, cleverly converted into a fully-equipped veterinary clinic. This exceptional property boasts a generous 1,587sqm approx allotment with an expansive 40.26m frontage, offering a prime opportunity for astute investors and developers. This property may also be exempt to stamp duty - subject to RevenueSA's approval.

Located on the high-traffic Waterloo Corner Road, this property benefits from excellent visibility and accessibility. The versatility of this property presents a unique opportunity to capitalise on the growing demand for commercial space. Whether you're an investor seeking a strong return, a developer looking to create a mixed-use complex, or a business owner in search of the perfect premises, this is a property not to be missed.

Key features you'll love about this property:
- 1,587sqm (approx) allotment
- Solid brick build
- Secure lease yielding a gross income of $56,664.76 excl. GST pa
- Ducted evaporative cooling and gas heating
- Kitchen and bathroom facilities
- Main reception area plus five separate offices, two theatre rooms and four exam rooms

Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect!

Year Built / 1964 (approx)
Land Size / 1,587sqm (approx)
Frontage / 40.26m (approx)
Zoning / GN - General Neighbourhood
Local Council / City of Salisbury
Council Rates / $3,351.22 pa (approx)
Water Rates (excluding Usage) / $724.92 pa (approx)
Es Levy / $769.95 pa (approx)
Current Rental / $4,722.06 per month + GST until 21 February 2026
Title / Torrens Title 5507/568
Easement(s) / Nil
Encumbrance(s) / Nil

For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/wyw9Nx

If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) and Contract of Sale which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts.

Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

Property History for 134-136 Waterloo Corner Rd, Paralowie, SA 5108

A timeline of how this property has performed in the market
Last Sold
$1,110,000
21 Oct 2024
  • 21 Oct 2024
    Sold for $1,110,000
  • 19 Aug 2024
    Listed for Sale Sold at Auction!
  • 10 Jul 2006
    Sold for $420,000
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About Paralowie 5108

The size of Paralowie is approximately 6.7 square kilometres. It has 37 parks covering nearly 17.6% of total area. The population of Paralowie in 2011 was 15,871 people. By 2016 the population was 16,542 showing a population growth of 4.2% in the area during that time. The predominant age group in Paralowie is 0-9 years. Households in Paralowie are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paralowie work in a labourer occupation. In 2011, 75.1% of the homes in Paralowie were owner-occupied compared with 72.6% in 2016.

Paralowie has 6,894 properties. Over the last 5 years, Houses in Paralowie have seen a 118.86% increase in median value, while Units have seen a 122.66% increase. As at 31 October 2024:

  • The median value for Houses in Paralowie is $653,301 while the median value for Units is $449,283.
  • Houses have a median rent of $550 while Units have a median rent of $400.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Paralowie on OnTheHouse. According to CoreLogic's data, 292 properties were sold in the past 12 months in Paralowie.

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Edge Realty (SA)
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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.