SOLD
Sold on 05 Dec 2023 for $250,000

5/43 Gloucester Avenue
Salisbury East SA 5109

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 60m2
Land area: 67m2
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Property Details for 5/43 Gloucester Ave, Salisbury East

Building Type
Commercial
Year Built
1970
Floor Size
60m2
Land Size
67m2
Local Government
Salisbury
Lot/Plan
U5/S344

Last Listing description (October 2023)

Due to high levels of demand the property will be sold by way of public auction on Thursday 19th October 2023 at 11:00am

Rare as hens teeth to find a commercial property at this price point. Positioned in the up & coming northern suburb of Salisbury East, this is a great opportunity to purchase such a neat & tidy retail unit tastefully fitted out as a modern hair salon at an extremely affordable price.

Key Highlights

Strata Title unit
69sqm* floor area
Solid construction
Leased until 17th October 2025
Annual rent of $11,180 + GST + outgoings (tenant pays 25%)
Total Outgoings of $3,482.36 per annum
Sold as a going concern (No GST or stamp duty)

For more information please contact the exclusive listing agent Matt Lazarus on 0430745100

*Approximate area measurement

Disclaimer:
1. None of the Sophon Realty Pty Ltd & Sophon Group Pty Ltd Trading As Ray White Norwood, nor any of their respective officers, employees or consultants ("we, us") make any representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative
only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. "Sold/ leased" designations show only that stock is "currently not available" - not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property History for 5/43 Gloucester Ave, Salisbury East, SA 5109

A timeline of how this property has performed in the market
Last Sold
$250,000
05 Dec 2023
  • 05 Dec 2023
    Sold for $250,000
  • 03 Oct 2023
    Listed for Sale $250,000
  • 02 Aug 2022
    Transferred
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About Salisbury East 5109

The size of Salisbury East is approximately 6.9 square kilometres. It has 24 parks covering nearly 47.3% of total area. The population of Salisbury East in 2011 was 8,848 people. By 2016 the population was 8,959 showing a population growth of 1.3% in the area during that time. The predominant age group in Salisbury East is 30-39 years. Households in Salisbury East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Salisbury East work in a trades occupation. In 2011, 70.8% of the homes in Salisbury East were owner-occupied compared with 70.9% in 2016.

Salisbury East has 4,072 properties. Over the last 5 years, Houses in Salisbury East have seen a 115.66% increase in median value, while Units have seen a 112.66% increase. As at 31 October 2024:

  • The median value for Houses in Salisbury East is $664,128 while the median value for Units is $448,128.
  • Houses have a median rent of $550 while Units have a median rent of $400.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Salisbury east on OnTheHouse. According to CoreLogic's data, 170 properties were sold in the past 12 months in Salisbury east.

Suburb Insights for Salisbury East 5109

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Ray White Norwood
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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.