128-130 Payneham RoadStepney SA 5069
Property Details for 128-130 Payneham Rd, Stepney
Last Listing description (October 2024)
Key Attributes:
- Combined Land Area: 1,360 sqm*
- Combined Build Area: 960m2*
- On-Site Parking, enhancing accessibility
- High Street Exposure with exposure to 34,500 vehicles daily*
- Location: 4km* from Adelaide GPO
- Zoned: Suburban Activity Centre
- Council: City or Norwood, Payneham & St Peters
- Development Potential (STCA)
Investment Opportunity:
This property presents an ideal opportunity for savvy investors seeking a combination of steady rental income and long-term growth potential. With four tenanted spaces, it provides immediate cash flow and a secure financial return. The off-street parking and its strategic location just 4km from the heart of Adelaide ensure its appeal to both tenants and future developers.
Future Development Potential:
Situated on a generous 1,360 sqm land holding, this site is ripe for future redevelopment (STCA). Whether you're looking to benefit from on the current commercial use or explore residential, retail, or mixed-use development, this site offers endless possibilities. Its high exposure and proximity to the Adelaide GPO, making it an attractive acquisition for a range of investors.
Inspection Times:
Wednesday 23rd October at 3:45pm
For further information please contact Mario Bonomi on 0412 080 993 or Fendi Klementou on 0426 258 030.
*Approximately
RLA 231015
Property History for 128-130 Payneham Rd, Stepney, SA 5069
- 27 Sep 2024Listed for Sale Contact Agent
- 14 Aug 2023Listed for Sale Contact Agent
- 09 May 2023Listed for Sale Not Disclosed
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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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