OFF MARKET

125 Lipson Street
Port Adelaide SA 5015

Bedrooms: 1
Bathrooms: 2
Car spaces: -
Floor area: 387m2
Land area: 192m2
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Last updated 14 Oct 2024
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Property Details for 125 Lipson St, Port Adelaide

125 Lipson St, Port Adelaide is a 1 bedroom, 2 bathroom Unit and was built in 1890. The property has a land size of 192m2 and floor size of 387m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
Unit
Year Built
1890
Floor Size
387m2
Land Size
192m2
Local Government
Port Adelaide Enfield
Lot/Plan
A7/F103288

Last Listing description (September 2016)

Favourably situated in an important Heritage Precinct of Port Adelaide. Circa 1890. Could be converted to two large Residential apartments, subject to Council consent.
Situated on the corner of Lipson and Divett Streets this imposing two storey building, provides in excess of 400 sq meters of office/ residential accommodation.
The Vendor operates a Legal Practice from the ground floor and basement, whilst the entire self-contained top floor is occupied by a residential tenant. The offices are serviced by a full modern kitchen, bathroom and laundry facility. The building occupies the whole of the land thus whilst there is no off street parking, there is ample on street parking.

The Vendor is prepared to lease back for a period of 2 + 2 + 2 years, and provide a three percent per annum, rent increase for the first three years and thereafter CPI increases, with an anticipated starting rent of $45K ex GST plus outgoings.
The property is in the Prestigious Port Adelaide State Heritage Policy area 47, however it is neither a Local Heritage nor State Heritage place.
The Port Adelaide Waterfront Precinct is considered to have unravelled development potential.
Close to the Waterfront Precinct this Property is likely to benefit from the State Government's current seeking of Proposals for the Development of approx. 4.2 km's of Waterfront Promenade and 40 hectares of Prime Land across Port Adelaide.
Opportunity Knocks!

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Property History for 125 Lipson St, Port Adelaide, SA 5015

A timeline of how this property has performed in the market
Last Sold
$715,000
22 Aug 2016
  • 22 Aug 2016
    Sold for $715,000
  • 21 Jul 2015
    Listed for Sale Not Disclosed
  • 06 Feb 2009
    Listed for Sale POA
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About Port Adelaide 5015

The size of Port Adelaide is approximately 6 square kilometres. It has 7 parks covering nearly 3.2% of total area. The population of Port Adelaide in 2011 was 1,293 people. By 2016 the population was 1,238 showing a population decline of 4.3% in the area during that time. The predominant age group in Port Adelaide is 40-49 years. Households in Port Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Adelaide work in a professional occupation. In 2011, 40.8% of the homes in Port Adelaide were owner-occupied compared with 43% in 2016.

Port Adelaide has 1,706 properties. Over the last 5 years, Houses in Port Adelaide have seen a 68.18% increase in median value, while Units have seen a 81.83% increase. As at 30 September 2024:

  • The median value for Houses in Port Adelaide is $792,913 while the median value for Units is $537,437.
  • Houses have a median rent of $590 while Units have a median rent of $560.
There are currently 9 properties listed for sale, and 6 properties listed for rent in Port adelaide on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Port adelaide.

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