OFF MARKET

319 Payneham Road
Royston Park SA 5070

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7887m2
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Property Details for 319 Payneham Rd, Royston Park

Building Type
Commercial
Land Size
7887m2
Local Government
Norwood Payneham & St Peters

Last Listing description (July 2016)

The Hotel and liquor store is leased to Coles Liquor Group (a division of ASX listed Wesfarmers Limited), one of the largest and most successful hotel operators in Australia. Key investment highlights include:
- 20 year Coles Liquorland lease, 11 years remaining on 1st term + 2 x 10 year options to July 2047
- Large 7,887sqm* site in prized north Adelaide location less than 5km north-east of the CBD

- Net income: $603,971** - tenant pays all outgoings
- Investment tenanted by Coles Liquorland Group subsidiary of ASX listed Wesfarmers
- Built in 4%* rental increases
- Lessor owns 32 valuable gaming entitlements + hotel licence
- Set & forget great land banking opportunity!

For more information or to arrange an inspection please contact exclusive sales agents JLL.
JLL
RLA 1842

Property History for 319 Payneham Rd, Royston Park, SA 5070

A timeline of how this property has performed in the market
  • 11 Apr 2016
    Listed for Sale Not Disclosed

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About Royston Park 5070

The size of Royston Park is approximately 0.6 square kilometres. It has 4 parks covering nearly 10% of total area. The population of Royston Park in 2011 was 1,190 people. By 2016 the population was 1,207 showing a population growth of 1.4% in the area during that time. The predominant age group in Royston Park is 50-59 years. Households in Royston Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Royston Park work in a professional occupation. In 2011, 75.3% of the homes in Royston Park were owner-occupied compared with 77.7% in 2016.

Royston Park has 565 properties. Over the last 5 years, Houses in Royston Park have seen a 71.39% increase in median value, while Units have seen a 85.72% increase. As at 31 October 2024:

  • The median value for Houses in Royston Park is $1,625,643 while the median value for Units is $571,631.
  • Houses have a median rent of $553 while Units have a median rent of $323.
There are currently 1 property listed for sale, and no properties listed for rent in Royston park on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Royston park.

Suburb Insights for Royston Park 5070

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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.