1/33-41 Magill RoadStepney SA 5069
Property Details for 1/33-41 Magill Rd, Stepney
Last Listing description (May 2019)
JLL is pleased to present for sale Unit 1, 33-41 Magill Road, Stepney, SA a fantastic inner eastern investment with a five year lease to an established business.
This is a great opportunity to secure a sound investment in an inner eastern suburbs location and we outline the key property highlights below:
Situated 2km* east of the Adelaide CBD in a fantastic location fronting Magill Road
5 year lease term with the Lessee responsible for all outgoings (excluding land tax)
Modern refurbished showroom, office and warehouse space efficiently laid out
Leased to Datacord SA - a business with over 25 years experience in South Australia
Highly sought after commercial precinct surrounded by some of Adelaide s most desirable suburbs
Valuable secure on-site car parking for staff and customers
The flexible layout provides plenty of opportunity in the longer term to reposition the property including glazing of the fa ade to attract higher value users such as retail or medical consulting.
The 5 year lease term to Datacord SA underpins this offering, and combined with its tightly held eastern suburbs location, provides a solid investment opportunity.
Unit 1, 33-41 Magill Road, Stepney is offered for sale by Expression of Interest closing 2pm Thursday 28 March 2019.
Please contact exclusive selling agents JLL to arrange an inspection or for further information.
*Approx.
RLA 1842
Property History for 1/33-41 Magill Rd, Stepney, SA 5069
- 26 Jul 2021Sold for $3,300,000
- 25 Feb 2019Listed for Sale Contact Agent
- 10 Jul 2012Sold for $2,725,000
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About Stepney 5069
The size of Stepney is approximately 0.5 square kilometres. It has 2 parks covering nearly 4.1% of total area. The population of Stepney in 2011 was 855 people. By 2016 the population was 859 showing a population growth of 0.5% in the area during that time. The predominant age group in Stepney is 20-29 years. Households in Stepney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stepney work in a professional occupation. In 2011, 64.3% of the homes in Stepney were owner-occupied compared with 59.5% in 2016.
Stepney has 778 properties. Over the last 5 years, Houses in Stepney have seen a 73.33% increase in median value, while Units have seen a 106.98% increase. As at 31 October 2024:
- The median value for Houses in Stepney is $1,407,834 while the median value for Units is $731,251.
- Houses have a median rent of $740 while Units have a median rent of $550.
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