SOLD
Sold on 16 Sep 2024 for $725,000

5/25 Wilson Street
Royal Park SA 5014

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 259m2
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Property Details for 5/25 Wilson St, Royal Park

Building Type
Commercial
Year Built
1979
Floor Size
260m2
Land Size
259m2
Local Government
Charles Sturt
Lot/Plan
U5/S4328

Last Listing description (September 2024)

Nick Psarros and Niki Pittakis from Ray White Port Adelaide/Largs Bay are pleased to present to the market 5/25 Wilson Street, Royal Park! Nestled in a small group of 8 units with a convenient 260m2 approx. site area, this commercial property offers a prime opportunity with dual drive-through access, soaring ceilings, an office space and a well equipped kitchenette.

MORE TO LOVE:
- Small group of 8 units

- 260m2 approx. site area
- 11m approx. wide x 22m approx. length
- Drive-through access via both front & back with roller doors
- Skylights & newly installed ceiling lights
- Separate office or reception area with shower/toilet
- Second bathroom with toilet & shower
- Kitchenette equipped with Puratap
- New air-conditioning installed throughout the warehouse
- Security camera & alarm system with Fob Key access - controllable via your phone
- Common drive way with hardstand & car parking

Prime asset this property is a fabulous start and/or addition to your commercial portfolio.

Royal Park, situated in Adelaide's western suburbs, offers convenient proximity to West Lakes Westfield, which features a diverse selection of retail outlets, restaurants, cafes, fashion stores and a Reading Cinema, all within walking distance. Additionally, its strategic location near major transport routes such as Port Road and Tapleys Hill Road ensures easy accessibility for both customers and suppliers.

To place an offer on this property, please complete this Letter of Offer form https://forms.gle/WehvGVwwpn7gUvjQ7

Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.

Property History for 5/25 Wilson St, Royal Park, SA 5014

A timeline of how this property has performed in the market
Last Sold
$725,000
16 Sep 2024
Listed for Rent
27 Sep 2024
  • 16 Sep 2024
    Sold for $725,000
  • 23 Jul 2024
    Listed for Sale $725,000 - SOLD AT AUCTION
  • 22 Dec 2022
    Sold for $475,000
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About Royal Park 5014

The size of Royal Park is approximately 1.6 square kilometres. It has 6 parks covering nearly 5.7% of total area. The population of Royal Park in 2011 was 2,863 people. By 2016 the population was 2,993 showing a population growth of 4.5% in the area during that time. The predominant age group in Royal Park is 30-39 years. Households in Royal Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Royal Park work in a trades occupation. In 2011, 66.7% of the homes in Royal Park were owner-occupied compared with 66.3% in 2016.

Royal Park has 1,880 properties. Over the last 5 years, Houses in Royal Park have seen a 90.25% increase in median value, while Units have seen a 97.78% increase. As at 31 October 2024:

  • The median value for Houses in Royal Park is $818,588 while the median value for Units is $570,336.
  • Houses have a median rent of $595 while Units have a median rent of $545.
There are currently 8 properties listed for sale, and 1 property listed for rent in Royal park on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Royal park.

Suburb Insights for Royal Park 5014

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Ray White Port Adelaide & Largs Bay
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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.