OFF MARKET

1 Edward Street
Port Wakefield SA 5550

Bedrooms: -
Bathrooms: -
Car spaces: 25
Land area: 1264m2
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Property Details for 1 Edward St, Port Wakefield

Building Type
Commercial
Land Size
1264m2
Local Government
Wakefield
Lot/Plan
A189/F175509

Last Listing description (March 2022)

BOOKINGS TO VIEW ARE ESSENTIAL
GENUINE ENQUIRIES ONLY

The numbers talk for themselves for this prime corner location. With massive passing traffic exposure and offering exceptional signage rights plus room for expansion (STCC), this is one investment opportunity that should be investigated further.

Sitting over 3 titles with total area 2,037m2 approximately there are 3 lease shops, 2 currently leased with good long term tenants, 1 vacant shop and 2 leased residences. The current tenancies yielding approximately $70,460/p.a. (excl GST) with the potential of full tenancies yielding $93,860/p.a. (excl GST).

Features of Residence 1 (1A Edward Street)
- Built approx 1910
- Return verandah villa, freestone construction with galvanised iron roof
- 3 large bedrooms with formal fire places
- Large living with reverse cycle air conditioning and formal fireplace
- Formal dining
- Galley kitchen
- Large storage room
- Bathroom plus separate w/c
- Two sun rooms
- Single garage
- Secure yard
- Fixed term lease $280/week to the 9/11/2021

Features of Residence 2 (1 Edward residential unit)
- 2 large bedrooms
- Very large formal living
- Galley kitchen
- Bathroom plus laundry with external access to a small enclosed courtyard and porch

Features of Commercial Shops:
- 3 commercial shops
- Each features a cool room, kitchen area, storage room and shop front
- All 3 properties have shop front with access for clients to street parking and private parking at the premises
- Large Car park
- Public toilets: male and female
- For all commercial shop lease information contact agent, genuine enquiries only
- Approx 418m2 commercial building area

Location:
- Easy access off of main highway from Adelaide and Copper Coast
- Approximately 60 minutes to Adelaide
- Corner allotment with ample public parking to cater for the high volume of passing traffic
- Zoned Commercial & Business plus Residential

For full details and inspections contact Rachel Lawrie at rachel.lawrie@raywhite.com or 0428 882 864 RLA 281212

Property History for 1 Edward St, Port Wakefield, SA 5550

A timeline of how this property has performed in the market
Last Sold
$550,000
11 Jun 2021
Listed for Rent
$349/w
25 May 2023
  • 11 Jun 2021
    Sold for $550,000
  • 18 Feb 2021
    Listed for Sale Contact Agent
  • 28 May 2017
    Listed for Rent $350 / week
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About Port Wakefield 5550

The size of Port Wakefield is approximately 176.1 square kilometres. It has 9 parks covering nearly 6.9% of total area. The population of Port Wakefield in 2011 was 554 people. By 2016 the population was 639 showing a population growth of 15.3% in the area during that time. The predominant age group in Port Wakefield is 50-59 years. Households in Port Wakefield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Wakefield work in a labourer occupation. In 2011, 62% of the homes in Port Wakefield were owner-occupied compared with 56.7% in 2016.

Port Wakefield has 577 properties. Over the last 5 years, Houses in Port Wakefield have seen a 119.30% increase in median value, while Units have seen a 215.37% increase. As at 31 October 2024:

  • The median value for Houses in Port Wakefield is $328,898 while the median value for Units is $418,498.
  • Houses have a median rent of $255.
There are currently 1 property listed for sale, and no properties listed for rent in Port wakefield on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Port wakefield.

Suburb Insights for Port Wakefield 5550

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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.