133-139 Magill RoadStepney SA 5069
Property Details for 133-139 Magill Rd, Stepney
Last Listing description (July 2016)
RETAIL INVESTMENT OPPORTUNITY IN PRIME LOCATION
Distributed over 5 tenancy areas, this fantastic investment opportunity represents great value with strong holding income and future development opportunity with the very flexible Local Centre Zone. A corner 1041sqm allotment in a prime location and total lettable area of 1490.03; items of not:
T1: 178.2sqm - Adelaide Ashtangta Yoga Shala @ $40,909 p.a. + O/G (Exp 30/11/19)
T3: 390.2sqm - Flourish Gift Shop @ $69,421.68 + O/G (Exp 30/11/18)
T4 : 449.24sqm /T5: 66.3sqm - Louis Libertine @ Combined $72,000 + O/G (30/04/2021)
- Combined base rental of $212,330.68
- Access to courtyard area, warehouse and function room
- Total floor area of 1,490 sqm (approx)
- Long Term Leases
- Zone: Local Centre Zone
Property Code: 1547
Property History for 133-139 Magill Rd, Stepney, SA 5069
- 13 Aug 2016Listed for Sale Not Disclosed
- 21 Jul 2016Listed for Sale AUCTION - 13/08/2016
- 29 Oct 2015Listed for Rent - Price not available
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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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