132-134 Payneham RoadStepney SA 5069
Property Details for 132-134 Payneham Rd, Stepney
Last Listing description (February 2023)
LJ Hooker Commercial Adelaide is pleased to present to the market 126-134 Payneham Road, Stepney.
The property offers a rare opportunity to acquire a versatile investment with future redevelopment potential in one of Adelaide's premier inner-metropolitan suburbs Stepney.
The offering is situated on a prime corner allotment 40 meters* from the Avenue Shopping Centre.
Features:
Six commercial tenancies
Build Area 1,122m2*
Site area 1,962m2*
Future redevelopment potential
Rental reversion available
Passing income of $181,866.19* plus GST & outgoings
Corner allotment over three Certificate of Titles with rear lane access;
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 132-134 Payneham Rd, Stepney, SA 5069
- 21 Sep 2022Listed for Sale Contact Agent
- 03 Aug 2022Listed for Rent - Price not available
- 17 Aug 2021Listed for Sale Sold
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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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