214-216 Portrush RoadTrinity Gardens SA 5068
Property Details for 214-216 Portrush Rd, Trinity Gardens
Last Listing description (May 2021)
Just 4km east of the Adelaide CBD. Located on Portrush Road 100m north of the Magill Road Intersection. Portrush Road is a major arterial road with over 36,000 vehicles per day and traverses North South across Adelaide's eastern suburb's connecting directly with the M1 Princes Highway.
Completed late 2016 and leased to Spotlight for 12 + 6 + 6 + 6 Years and Trinity Gardens Pharmacy for 7 + 5 years.
A quality building over two levels. The First Floor is serviced by two large lifts, one for customers and the other for deliveries. The Ground Floor provides full lobby and access to Spotlight and balance occupied by the Trinity Gardens Pharmacy. Strong investment attributes with a WALE of 6.97 years make this an outstanding long term investment.
The current Net Income is $820,201 pa + GST
For Sale via EOI closing 4pm on Wednesday 31 March 2021.
Price guidance; anticipated yield; circa 6%.
Property History for 214-216 Portrush Rd, Trinity Gardens, SA 5068
- 27 May 2020Listed for Sale Contact Agent
- 30 Nov 2011Sold for $2,970,000
- 16 Sep 2011Listed for Sale $3,025,000 + GST
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About Trinity Gardens 5068
The size of Trinity Gardens is approximately 0.6 square kilometres. It has 2 parks covering nearly 4.1% of total area. The population of Trinity Gardens in 2011 was 1,183 people. By 2016 the population was 1,215 showing a population growth of 2.7% in the area during that time. The predominant age group in Trinity Gardens is 50-59 years. Households in Trinity Gardens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Trinity Gardens work in a professional occupation. In 2011, 70.8% of the homes in Trinity Gardens were owner-occupied compared with 70% in 2016.
Trinity Gardens has 616 properties. Over the last 5 years, Houses in Trinity Gardens have seen a 78.94% increase in median value, while Units have seen a 62.39% increase. As at 30 September 2024:
- The median value for Houses in Trinity Gardens is $1,519,727 while the median value for Units is $587,186.
- Houses have a median rent of $650 while Units have a median rent of $385.
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