5-7 Henry StreetStepney SA 5069
Property Details for 5-7 Henry St, Stepney
Last Listing description (October 2023)
FIRST TIME OFFERED IN SOME 23 YEARS!
Located in the epicentre of the eastern suburbs, this property offers occupiers with an opportunity to capitalise on the demand for niche amenities and trade services. The area is bustling with workshops, showrooms, gyms, commercial caterers, breweries, distilleries, retail shops, bars and pubs and smaller businesses providing amenity to the area.
High density apartment towers continue to be completed in nearby Norwood and Kent Town (ie. Norwood Green, Norwood COMO, East Park, The Palms) driving population growth and gentrification making Stepney the perfect location to setup your business.
The Owner is receptive to some upgrades for higher and better / alternate uses, subject to negotiations.
The accommodation offers high clearance roller door access, a reception/office area and a mezzanine level overlooking the warehouse. Site area of approximately 494sqm with 6 off street car parks
Zoned Employment which encourages a range of low impact light industrial, commercial and business activities, including but not limited to consulting, motor repairs, store, office, service trade, shop, warehouse and training.
The flexible zoning, adaptable space and existing grease trap provides a wide variety of future uses, so whether you need basic warehouse space or feeling more creative please enquire to the listed agents. Spaces like this rarely come up for lease in this tightly held inner eastern and affluent location.
Highlights;
* 312sqm (approx) of quality warehouse space, office space and amenities
* 23sqm (approx) of mezzanine
* Roller door access into high clearance warehouse
* 3 phase power
Property History for 5-7 Henry St, Stepney, SA 5069
- 24 Jul 2023Listed for Rent $78,850 / year
- 07 Feb 2020Listed for Rent $19,500 / year
- 24 Jul 1995Sold for $452,000
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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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