SOLD
Sold on 05 Feb 2024 for $1,815,000

51 George Street
Parkside SA 5063

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 130m2
Land area: 488m2
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Property Details for 51 George St, Parkside

Building Type
Commercial
Year Built
1920
Floor Size
130m2
Land Size
488m2
Local Government
Unley
Lot/Plan
A176/F14671

Last Listing description (December 2023)

Opens
Thursday 21st 10:30-11AM

Ray White South Australia's Commercial Specialist Matt Lazarus & Nick Borrelli of Ray White Campbelltown are excited to present for sale 51 George Street, Parkside situated across 2 valuable titles. Offered for sale for the 1st time in 45 years, this attractive corner site with huge upside potential is as rare as they get.

The asset comprises the following key attributes:
Exclusive Established Neighbourhood Zone
Character building facing George Street
Total building area of 136sqm*
Total land area of 482sqm*
Dual street frontage
Only 4kms from Adelaide City Centre, Rundle Street Precinct and Rundle Mall.
A blank canvas character building with unlimited potential - residential, office, retail, hospitality, and more (STNC).
Suited to owner occupiers, investors, value-add parties, traders, land bankers and developers.
Property across 2 titles

The property will be sold by way of public auction at 11:00am on the 21st September 2023.
For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 0430745100 or Nick Borelli on 0432270893

Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.

Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
RLA 322799

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property History for 51 George St, Parkside, SA 5063

A timeline of how this property has performed in the market
Last Sold
$1,815,000
05 Feb 2024
  • 05 Feb 2024
    Sold for $1,815,000
  • 01 Sep 2023
    Listed for Sale Under Contract
  • 04 Dec 2006
    Transferred

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About Parkside 5063

The size of Parkside is approximately 1.4 square kilometres. It has 7 parks covering nearly 2.3% of total area. The population of Parkside in 2011 was 4,633 people. By 2016 the population was 4,808 showing a population growth of 3.8% in the area during that time. The predominant age group in Parkside is 30-39 years. Households in Parkside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkside work in a professional occupation. In 2011, 60.2% of the homes in Parkside were owner-occupied compared with 59.6% in 2016.

Parkside has 2,718 properties.

    There are currently 10 properties listed for sale, and 5 properties listed for rent in Parkside on OnTheHouse. According to CoreLogic's data, 122 properties were sold in the past 12 months in Parkside.

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    Ray White Norwood
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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.