OFF MARKET

142 Payneham Road
Stepney SA 5069

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 238m2
Land area: 783m2
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Property Details for 142 Payneham Rd, Stepney

Building Type
Commercial
Year Built
1920
Floor Size
238m2
Land Size
783m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A17/F102632

Last Listing description (May 2018)

142 Payneham Road, is situated just east of The Avenues Shopping Centre and is a mere 3 kilometres from the CBD. Located on the southern side of Payneham and on the corner of Wheaton Road.
The improvements include a well-constructed building with high quality finished providing some 257 sqm of fitted out offices with all modern amenities and services. The improvements are within a corner allotment of some 769 sqm approximately.
Key features include:

- Fully leased investment opportunity
- 3 + 3 year lease expiring January 2021 plus options
- Current Net income $73,865 per annum fixed annual reviews
- 3 Month Bank Guarantee
- Lettable area of 257sqm* plus Store of 17sqm*
- Site area of 769sqm*
- Convenient onsite parking at the rear of premises
- Local Office Zone (City of Norwood, Payneham & St Peters)
We recommend your serious consideration and welcome the opportunity to arrange for an inspection to fully appreciate the quality of this opportunity.

*Approx.

Property History for 142 Payneham Rd, Stepney, SA 5069

A timeline of how this property has performed in the market
Last Transferred
29 Jun 2020
Listed for Rent
07 Dec 2017
  • 29 Jun 2020
    Transferred
  • 07 May 2018
    Listed for Sale Not Disclosed
  • 31 Jul 2017
    Listed 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.
There are currently 2 properties listed for sale, and 6 properties listed for rent in Stepney on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Stepney.

Suburb Insights for Stepney 5069

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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.