136 Payneham RoadStepney SA 5069
Property Details for 136 Payneham Rd, Stepney
Last Listing description (February 2022)
CBRE Metropolitan Investments are pleased to bring to market 136 Payneham Road, Stepney. 136 Payneham Road is a fantastic corner site located in one of Adelaide's premium eastern suburbs and is a developer's dream. The former premises has been recently demolished and levelled allowing for a 'shovel ready' development site with a forthcoming development approval for a 2-storey office building.
We further highlight the below key features of the site for a savvy developer:
-Imminent council supported Development Approval for 647sqm* GLA 2-storey office building with 20 car parks
-Land area of 1,463sqm*
-Corner frontage with 32m* to Payneham Road and 45.7m to Loch Street
-Zoned Business Neighbourhood allowing for a variety of commercial uses
-Offered with vacant possession
For Sale via expressions of interest the 16th of September closing at 4pm (ACST).
*Approximately.
Property History for 136 Payneham Rd, Stepney, SA 5069
- 27 Jan 2022Sold for $1,430,000
- 24 Aug 2021Listed for Sale Contact Agent
- 18 Jun 2019Listed for Sale EXPRESSIONS OF INTEREST
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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 781 properties. Over the last 5 years, Houses in Stepney have seen a 74.27% increase in median value, while Units have seen a 85.67% increase. As at 31 July 2024:
- The median value for Houses in Stepney is $1,403,028 while the median value for Units is $692,452.
- Houses have a median rent of $680 while Units have a median rent of $473.
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