SOLD
Sold on 25 Oct 2024 for $5,300,000

1/29 Mount Barker Road
Totness SA 5250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1226m2
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Commercial SA Property Group - ADELAIDE
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Property Details for 1/29 Mount Barker Rd, Totness

Building Type
Commercial
Year Built
2019
Land Size
1226m2
Local Government
Mount Barker
Lot/Plan
F203/C41795

Last Listing description (January 2022)

+ Long 10 year Lease to April 2029 plus 10 year option to 2039
+ Total Tools: National network of 94 stores established over 30 years
+ Fixed 3% rent increases ensuring income growth

+ Tenant pays all usual outgoings including management fees
+ Immaculate 2019 building incorporating showroom with rear loading and abundant parking
+ Excellent tax saving depreciation benefits
+ Commanding high exposure site within emerging commercial precinct and amongst numerous complementary national brands
+ Mount Barker: Booming growth region 30 minutes from Adelaide with the population forecast to increase 47% to 56,710 by 2036
+ Net Income: $237,523 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

RLA 293472

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Property History for 1/29 Mount Barker Rd, Totness, SA 5250

A timeline of how this property has performed in the market
Last Sold
$5,300,000
25 Oct 2024
  • 25 Oct 2024
    Sold for $5,300,000
  • 31 Jan 2022
    Sold for $5,280,000
  • 18 Nov 2021
    Listed for Sale Price on Request
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About Totness 5250

The size of Totness is approximately 3.5 square kilometres. It has 1 park covering nearly 19.2% of total area. The population of Totness in 2011 was 2,748 people. By 2016 the population was 82 showing a population decline of 97.0% in the area during that time. The predominant age group in Totness is 50-59 years. Households in Totness are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Totness work in a trades occupation. In 2011, 82.4% of the homes in Totness were owner-occupied compared with 73.7% in 2016..

Totness has 177 properties. Over the last 5 years, Houses in Totness have seen a 64.17% increase in median value. As at 30 November 2024:

  • The median value for Houses in Totness is $1,223,527.
There are currently 1 property listed for sale, and no properties listed for rent in Totness on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Totness.

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