52-54 Moorundie StreetTruro SA 5356
Property Details for 52-54 Moorundie St, Truro
Last Listing description (April 2022)
+ New 12 year net lease to 2034 plus options to 2064.
+ United Petroleum: Top-tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 460 sites nationally.**
+ Attractive, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance, and repairs and maintenance.
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Impressive 2,694sqm corner site with 60 metres* of frontage and exposure to Sturt Highway.
+ Strategic positioning being the only petrol station along a 60km* stretch of highway linking Yamba to Adelaide CBD.
+ Ideally located within 500 metres of important amenities including Australia Post, Truro Primary School, Truro Oval and The Truro Hotel.
+ Barossa Valley: Arguably Australia's most iconic wine region, attracting circa 1.5 million visitors pa.***
+ The value of total building approvals have doubled in the last 5 years to $100 million.****
+ Growing tourism industry, with tourism expenditure forecast to grow by more than 132% in the next three years to $291 million annually.***
+ Minimum management, essential service investment.
+ Net income: $160,000pa + GST
**United Petroleum
***Tourism.sa.gov.au
****Economy.id
*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Billy Holderhead: RLA 293574
Oliver Totani: RLA 199257
Property History for 52-54 Moorundie St, Truro, SA 5356
- 27 Jan 2022Listed for Sale Price on Request
- 21 Feb 1994Sold for $110,000
- 22 Oct 1993Sold for $125,000
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About Truro 5356
The size of Truro is approximately 218.3 square kilometres. The population of Truro in 2011 was 637 people. By 2016 the population was 530 showing a population decline of 16.8% in the area during that time. The predominant age group in Truro is 10-19 years. Households in Truro are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Truro work in a labourer occupation. In 2011, 83.8% of the homes in Truro were owner-occupied compared with 82.4% in 2016.
Truro has 416 properties. Over the last 5 years, Houses in Truro have seen a 57.65% increase in median value, while Units have seen a 35.58% increase. As at 31 October 2024:
- The median value for Houses in Truro is $315,457 while the median value for Units is $265,568.
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