OFF MARKET

427 Magill Road
St Morris SA 5068

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 145m2
Land area: 1184m2
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Property Details for 427 Magill Rd, St Morris

Building Type
Commercial
Year Built
1952
Floor Size
145m2
Land Size
1184m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A7/D1984

Last Listing description (August 2023)

Floor area
150sqm

Parking info
22 shared on-site parks

Modern light-filled open plan office space ready to share

- Lease up to half of approx 300sqm light-filled modern fit out
- Access to boardroom, balcony, kitchen, board room, and other amenities
- Ample parking spaces for both team and clients

Located just 5 minutes from Adelaide's CBD, 427 Magill Road, St Morris has all the advantages of leasing a modern studio space at a fraction of the cost. With a fit-out recently completed in 2022, this architectural designed space is available to sublet and share with a firmly established marketing agency who have shifted to semi remote working conditions, with usually only 2-3 employees working out of the space at any given time. This space provides access to a security system, fiber to the premises, and more. There are 2 exciting options available for the right candidate:

Option 1 - One side of the building:
Lease half of the office space, this allows your own area to set up your space, while still maintaining access to all the main amenities. The space sits up-to 8 - 12 staff members and gives you access to all the shared facilities, you would need to provide your own desks.

Cost: 47,500+GST - this includes outgoings, security, cleaning, electricity & gas.

Option 2 - One row of desks:
Lease one row of desks within the communal workspace. The space sits up to 6 staff members and gives you access to all the shared facilities and the desks that are currently in the space.

Cost: 29,900+GST - this includes outgoings, security, cleaning, electricity & gas.

Property History for 427 Magill Rd, St Morris, SA 5068

A timeline of how this property has performed in the market
Last Sold
$814,000
12 Nov 2007
Listed for Rent
20 Jul 2023
  • 04 Aug 2023
    Listed for Rent $38,700 / year
  • 26 Aug 2015
    Listed for Rent - Price not available
  • 19 Jan 2010
    Listed for Rent - Price not available
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About St Morris 5068

The size of St Morris is approximately 0.6 square kilometres. It has 2 parks covering nearly 2.1% of total area. The population of St Morris in 2011 was 1,463 people. By 2016 the population was 1,501 showing a population growth of 2.6% in the area during that time. The predominant age group in St Morris is 40-49 years. Households in St Morris are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Morris work in a professional occupation. In 2011, 66% of the homes in St Morris were owner-occupied compared with 67.3% in 2016.

St Morris has 623 properties. Over the last 5 years, Houses in St Morris have seen a 83.51% increase in median value, while Units have seen a 60.67% increase. As at 31 July 2024:

  • The median value for Houses in St Morris is $1,365,862 while the median value for Units is $564,306.
  • Houses have a median rent of $720 while Units have a median rent of $465.
There are currently 1 property listed for sale, and 2 properties listed for rent in St morris on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in St morris.

Suburb Insights for St Morris 5068

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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.