Expression of Interest Closing 4pm Monday 29th April 2024 (USB)
Raine and Horne Commercial SA are delighted to present 54 Prospect Road Prospect to the market for sale.
Located in a premier location in Adelaide's inner north, meters from the parklands on a prime allotment of approx. 764m2* this property offers exceptional accommodation, impressive character, ample parking and beautiful presentation.
The property will be offered by vacant possession at settlement and is an excellent opportunity to secure prime real estate in a tightly held precinct with the following key features:
• Open reception
• Expansive open plan office - perfect for workstations
• Good fitout and amenities
• Mixture of open and partitioned offices and cellar
• Suitable for office, medical, hospitality (stcc)
• Ducted Reverse Cycle AC
• Security System
• Ample car parking
• Exposure to over 17000 vehicles daily**
• Urban Corridor (Living) Zone
The property is perfectly located in Adelaide's inner northen suburbs and is circa 4 kms to GPO.
* All areas/dimensions approximate
** SA Govt Transport Volume Survey
The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.
Prospect has 6,923 properties. Over the last 5 years, Houses in Prospect have seen a 95.42% increase in median value, while Units have seen a 52.53% increase. As at 30 September 2024:
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