SOLD
RECENT ADVICE
Sold on 12 Sep 2024 for $1,958,000

292 Payneham Road
Payneham SA 5070

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 180m2
Land area: 911m2
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Property Details for 292 Payneham Rd, Payneham

Building Type
Land
Year Built
1930
Floor Size
180m2
Land Size
911m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A120/D3708

Last Listing description (December 2024)

LJ Hooker Commercial Adelaide is proud to present to the market for sale, 292 Payneham Road, Payneham for sale.

An exceptional opportunity to acquire this prime corner property, situated on the corner of Payneham Road and Sewell Avenue. The site is currently improved with a character Tudor, which was formerly used as commercial offices. The building offers a reception, multiple offices, amenities and kitchen facilities. Externally there is on-site parking for up to 10 cars*.

Zoned Housing Diversity Neighbourhood, the property affords an exciting development opportunity. Development Approval has been sought to take advantage of this prime corner allotment for an exceptional mixed use development providing a commercial tenancy to the ground floor, and 8 residential apartments to the upper two floors and 19 on-site car parks.

Key Selling Points:
Land area 911 sqm*
Net Lettable Area 170 sqm*
Prime corner position
Development Approved plans available on request
Signage and branding opportunity
On-site parking for up to 6 cars*
31,400* cars passing daily
Zoned Housing Diversity Neighbourhood
No heritage restrictions
Zero Stamp Duty in South Australia

For further details please contact Mario Bonomi on 0412 080 993, Julian Rullo on 0407 846 417 or George De Vizio on 0412 392 158.

*Approximate

** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015

Property History for 292 Payneham Rd, Payneham, SA 5070

A timeline of how this property has performed in the market
Last Sold
$1,958,000
12 Sep 2024
Listed for Rent
$757/w
01 Nov 2021
  • 12 Sep 2024
    Sold for $1,958,000
  • 15 Aug 2024
    Listed for Sale Contact Agent
  • 29 Nov 2019
    Listed for Rent $39,500 / year
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About Payneham 5070

The size of Payneham is approximately 0.8 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Payneham in 2011 was 2,220 people. By 2016 the population was 2,280 showing a population growth of 2.7% in the area during that time. The predominant age group in Payneham is 20-29 years. Households in Payneham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Payneham work in a professional occupation. In 2011, 57.7% of the homes in Payneham were owner-occupied compared with 53.3% in 2016.

Payneham has 1,303 properties. Over the last 5 years, Houses in Payneham have seen a 75.17% increase in median value, while Units have seen a 63.45% increase. As at 30 November 2024:

  • The median value for Houses in Payneham is $1,226,678 while the median value for Units is $536,785.
  • Houses have a median rent of $590 while Units have a median rent of $498.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Payneham on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Payneham.

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Contact agent
George De Vizio
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Julian Rullo
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LJ Hooker Commercial Adelaide
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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.