OFF MARKET

126 Payneham Road
Stepney SA 5069

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 613m2
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Property Details for 126 Payneham Rd, Stepney

Building Type
Commercial
Year Built
1900
Land Size
613m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A204/F19827

Last Listing description (October 2023)

LJ Hooker Commercial Adelaide is pleased to present to the market 126 Payneham Road, Stepney.

The property dates back to Circa 1900's and consists of two individual tenancies. The faade is constructed of painted brick, and it features a galvanized sheeted bullnose verandah that offers optimal protection from the elements.

Located in a vibrant commercial shopping strip, the surrounding area teems with a diverse range of retail outlets, restaurants, cafes, and offices. The Avenues Shopping Centre is conveniently situated just 40 meters away, further enhancing the appeal and convenience of this prime location.

This property presents a unique opportunity to acquire a rare investment in the highly sought-after inner-metropolitan suburb of Stepney.

Features:
Two commercial tenancies fully leased
Build Area 248m2*
Site area 613m2*
Net income of $54,563.60* plus GST & outgoings
High Exposure with 34,500 passing vehicles daily (Source: DPTI)
Zoned: Suburban Activity Centre - SAC

Inspection by Private Booking

For further information contact Mario Bonomi 0412 080 993 or Anthony Clemente 0423 414 554

* Approximate

** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker Commercial Adelaide office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015

Property History for 126 Payneham Rd, Stepney, SA 5069

A timeline of how this property has performed in the market
Last Sold
$1,550,000
29 Sep 2023
  • 29 Sep 2023
    Sold for $1,550,000
  • 25 May 2023
    Listed for Sale Contact Agent
  • 16 Aug 2021
    Sold for $1,235,000
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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 785 properties. Over the last 5 years, Houses in Stepney have seen a 71.02% increase in median value, while Units have seen a 88.38% increase. As at 31 August 2024:

  • The median value for Houses in Stepney is $1,404,922 while the median value for Units is $716,896.
  • Houses have a median rent of $680 while Units have a median rent of $473.
There are currently 3 properties listed for sale, and 5 properties listed for rent in Stepney on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Stepney.

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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.