SOLD
Sold on 30 May 2024 for $6,000,000

223-233 Eastern Parade
Port Adelaide SA 5015

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1117m2
Land area: 11270m2
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Property Details for 223-233 Eastern Pde, Port Adelaide

Building Type
Commercial
Floor Size
1117m2
Land Size
11270m2
Local Government
Port Adelaide Enfield
Lot/Plan
S591/H105800

Last Listing description (March 2014)

9% NET RETURN ON INVESTMENT ON THIS LARGE TRANSPORT DEPOT
The Tenant, Kangaroo Island Freight, has been operating for some 45 years.
There is a new 5 + 5 year lease about to commence with a rental of $189,000 + GST + outgoings

This provides a great opportunity to invest in a well established tenant on an impressive site with a wide frontage to Eastern Parade.
Improvements comprise:
> Warehouse / office approx 656m2
> Loading canopy 371m2 (approx)
> Coolroom 36m2 (approx)
> Site Area 11,270m2 (approx)provides excellent manoeuvrability including B Double access
> 2 large sliding doors provide Drive Through access
> Zoned General Industry to the City of Port Adelaide/Enfield
> 6 meter clearances
> Generally located on the corner of Eastern Parade and Perkins Drive
> Potential to subdivide or develop further (stnc)
>
> Graham Rogers 0418 111 333

Property History for 223-233 Eastern Pde, Port Adelaide, SA 5015

A timeline of how this property has performed in the market
Last Sold
$6,000,000
30 May 2024
  • 30 May 2024
    Sold for $6,000,000
  • 26 Sep 2014
    Sold for $1,800,000
  • 15 Nov 2012
    Listed for Sale AUCTION
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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 1,725 properties. Over the last 5 years, Houses in Port Adelaide have seen a 64.03% increase in median value, while Units have seen a 72.38% increase. As at 31 July 2024:

  • The median value for Houses in Port Adelaide is $793,128 while the median value for Units is $512,204.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Port adelaide on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Port adelaide.

Suburb Insights for Port Adelaide 5015

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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.