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Sold on 02 Sep 2024 - Price Unavailable

165 Fourteenth Street
Renmark SA 5341

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2865m2
Land area: 69000m2
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Property Details for 165 Fourteenth St, Renmark

Building Type
Commercial
Floor Size
2865m2
Land Size
69000m2
Local Government
Renmark Paringa
Lot/Plan
A104/D44132

Last Listing description (September 2024)

RWC Adelaide in conjunction with Burgess Rawson, are delighted to bring to market the Harvey Norman located at 165 Fourteenth Street, Renmark SA for sale via Investment Portfolio 169.

The Key Investment Highlights:

+ Long 7 year lease to 2030 plus 6 further 6 year options to 2066.

+ Harvey Norman: Australian retail icon with 270 stores in 8 countries across the globe with a market cap of $5.42bn. (1)
+ Recently refurbished 2,865sqm* building constructed in circa 1990.
+ Includes a 229sqm* secondary tenancy leased to Carpet One, one of the world's largest retail flooring groups, with 1,700 stores worldwide. (3)
+ Landmark 6,867sqm* freehold comprising rare 135sqm* dual-street frontage and generous 146 sealed and lined car spaces on title.
+ Stamp duty free investment and opportunity to buy well below replacement cost.
+ Favourable Suburban Activity Centre Zoning.
+ Annual CPI rent reviews (capped at 2.5%).
+ Central Renmark CBD location, only metres from Woolworths, BCF, Supercheap Auto, Priceline Pharmacy, Domino's and more.
+ Position perfect: with direct access from Renmark Avenue (Sturt Highway), 9,470 vehicles passing per day and only 300m* away from the popular Murray River.
+ Riverland Region: Permanent trade catchment of over 35,000 residents and thriving tourist destination with 415,000 overnight visitors in FY23. (2)
+ Net Income: $288,527 pa* + GST

To be Sold via Investment Portfolio Auction 169
Wednesday 26 June 2024, at 10:30am (AEST)
Conference Hall, Crown Casino, Melbourne VIC

For further information, please contact Burgess Rawson or RWC Adelaide.

*Approx
(1) Yahoo Finance
(2) Renmark Paringal Council
(3) Carpet One

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Property History for 165 Fourteenth St, Renmark, SA 5341

A timeline of how this property has performed in the market
Last Sold
02 Sep 2024
Listed for Rent
17 Aug 2018
  • 02 Sep 2024
    Sold
  • 06 Jun 2024
    Listed for Sale Contact listing agent
  • 18 May 2022
    Sold
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About Renmark 5341

The size of Renmark is approximately 14.9 square kilometres. It has 30 parks covering nearly 9.6% of total area. The population of Renmark in 2011 was 4,386 people. By 2016 the population was 4,637 showing a population growth of 5.7% in the area during that time. The predominant age group in Renmark is 60-69 years. Households in Renmark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Renmark work in a labourer occupation. In 2011, 53.2% of the homes in Renmark were owner-occupied compared with 54.5% in 2016.

Renmark has 2,839 properties. Over the last 5 years, Houses in Renmark have seen a 67.54% increase in median value, while Units have seen a 64.16% increase. As at 31 August 2024:

  • The median value for Houses in Renmark is $345,597 while the median value for Units is $286,588.
  • Houses have a median rent of $370 while Units have a median rent of $260.
There are currently 24 properties listed for sale, and 10 properties listed for rent in Renmark on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in Renmark.

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