SOLD
Sold on 28 Jun 2024 for $1,958,000

40-42 Merchant Crescent
Pooraka SA 5095

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 225m2
Land area: 2593m2
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Property Details for 40-42 Merchant Cres, Pooraka

Building Type
Commercial
Floor Size
225m2
Land Size
2593m2
Local Government
Salisbury
Lot/Plan
A13/D27232

Last Listing description (October 2023)

Savills is excited to offer to the market for sale 40-42 Merchant Crescent, Pooraka via Expressions of Interest. A centrally located freehold office warehouse/workshop on an expansive sealed allotment, primely positioned near the Pooraka Markets for warehousing, storage logistics and service trade users.

Pooraka is located within the north industrial precinct 15km* from the Adelaide CBD, benefiting from proximity to major road Main North Road, Port Wakefield Road and Grand Junction Road. The property is well suited for owner-occupiers or value add developers within a tightly held industrial precinct.


Key property features include:

- Office warehouse, workshop totalling 463.4 sqm*
- Bitumen sealed 2,593 sqm* site
- Expansive frontage to Merchant Crescent with dual access
- 6 kilowatt solar system
- Offered with vacant possession
- Zoned Strategic Employment within the City of Salisbury
- Strategic Pooraka Industrial precinct, close by to SA Farmers Market, Linfox Logistics, DHL Supply Chain and Metcash.

40-42 Merchant Crescent, Pooraka is available For Sale by way of Expressions of Interest closing Thursday, 23rd November at 4pm.

For more information or to arrange an inspection, please contact Savills the exclusive agents.

Appox*
RLA 1786

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Property History for 40-42 Merchant Cres, Pooraka, SA 5095

A timeline of how this property has performed in the market
Last Sold
$1,958,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $1,958,000
  • 25 Oct 2023
    Listed for Sale Contact Agent
  • 29 Sep 2010
    Sold for $654,500
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About Pooraka 5095

The size of Pooraka is approximately 5.4 square kilometres. It has 18 parks covering nearly 13.8% of total area. The population of Pooraka in 2011 was 7,059 people. By 2016 the population was 7,242 showing a population growth of 2.6% in the area during that time. The predominant age group in Pooraka is 30-39 years. Households in Pooraka are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pooraka work in a trades occupation. In 2011, 68.5% of the homes in Pooraka were owner-occupied compared with 67.7% in 2016.

Pooraka has 3,681 properties. Over the last 5 years, Houses in Pooraka have seen a 106.13% increase in median value, while Units have seen a 110.21% increase. As at 30 September 2024:

  • The median value for Houses in Pooraka is $725,120 while the median value for Units is $507,288.
  • Houses have a median rent of $550 while Units have a median rent of $325.
There are currently 6 properties listed for sale, and 6 properties listed for rent in Pooraka on OnTheHouse. According to CoreLogic's data, 121 properties were sold in the past 12 months in Pooraka.

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