SOLD
Sold on 31 Jul 2024 for $1,050,000

29 Jubilee Drive
Port Lincoln SA 5606

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2324m2
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Property Details for 29 Jubilee Dr, Port Lincoln

Building Type
Commercial
Year Built
1997
Land Size
2324m2
Local Government
Port Lincoln
Lot/Plan
A186/D48845

Last Listing description (August 2024)

Key Points:
- 4 shops, all with secure leases.
- $74,988 annual income.

- Located in the heart of Port Lincoln's marina.
- Full EPA report completed - Clear Site!

Elders are pleased to present to the open market this Freehold investment opportunity for astute investors.

Located in the heart of Port Lincoln's marina, is this significant piece of real estate.
29 Jubilee Drive consists of 4 secure separate business leases.

1. Elite Fuels
2. EP Counselling
3. WOOF Media
4. The Cloud Gift Shop

The total building area under main roof is approximately 513 square metres plus fueling shade.
The land area measures approximately 2,324m2 and consists of bitumen on-site car parking for tenants and clients.

The details of leases are available upon requests. Key points are:
-Lease payments made monthly;
-Tenants pay all outgoings;
-CPI applicable;
-All existing leases have options to renew.

For more information, contact Luke Duncan of Elders.

(Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. Elders Real Estate RLA62833)
* approx.

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Property History for 29 Jubilee Dr, Port Lincoln, SA 5606

A timeline of how this property has performed in the market
Last Sold
$1,050,000
31 Jul 2024
Listed for Rent
$268/w
12 Jun 2023
  • 31 Jul 2024
    Sold for $1,050,000
  • 14 Apr 2023
    Listed for Rent - Price not available
  • 10 Mar 2020
    Listed for Rent $2,640 / year
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About Port Lincoln 5606

The size of Port Lincoln is approximately 34.2 square kilometres. It has 64 parks covering nearly 5.9% of total area. The population of Port Lincoln in 2011 was 14,088 people. By 2016 the population was 14,144 showing a population growth of 0.4% in the area during that time. The predominant age group in Port Lincoln is 50-59 years. Households in Port Lincoln are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Lincoln work in a professional occupation. In 2011, 59.7% of the homes in Port Lincoln were owner-occupied compared with 61.1% in 2016.

Port Lincoln has 8,886 properties. Over the last 5 years, Houses in Port Lincoln have seen a 75.96% increase in median value, while Units have seen a 31.50% increase. As at 31 August 2024:

  • The median value for Houses in Port Lincoln is $437,618 while the median value for Units is $238,498.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 80 properties listed for sale, and 36 properties listed for rent in Port lincoln on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Port lincoln.

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