SOLD
Sold on 27 Oct 2023 for $2,443,980

116 Greenhill Road
Unley SA 5061

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 576m2
Sold By
COLLIERS INTERNATIONAL - ADELAIDE (RLA 204)
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Property Details for 116 Greenhill Rd, Unley

Building Type
Commercial
Year Built
1968
Land Size
576m2
Local Government
Unley
Lot/Plan
A204/F12868

Last Listing description (January 2020)

Colliers International is pleased to present the opportunity to purchase 116-117 Greenhill Road and 11 Miller Street, Unley, SA.

Located in the affluent inner metropolitan suburb of Unley, the subject property offers a blank canvass for either the prospective developer, value driven owner occupier or the astute investor.


The 1,660 square metre* site is prominently positioned on Greenhill Road between King William Road and Unley Road and benefits from additional frontages to Miller Street and Park Lane.

The site features two separate two-level office buildings which front Greenhill Road as well as a smaller character bungalow at the rear which has historically been used as an office and conference centre.

Other key attributes of 116-117 Greenhill Road and 11 Miller Street include:

Extensive 1,660 square metre* site with three valuable street frontages.
Two prominent two-level office buildings fronting Greenhill Road and a small character office located at the rear of the site fronting Miller Street.
116 Greenhill Road has a GBA of 680 square metres*
117 Greenhill Road has a GBA of 554 square metres*
11 Miller Street has a GBA of 119 square metres*
All three buildings are fully occupied providing valuable holding income from RJC Evans & Co. and IDEXX until June 2020.
Zoned Urban Corridor, Boulevard (Greenhill Road) Policy Area 19, within the City of Unley. The zoning envisages higher order development of up to 7 storeys or 25.5m (STCC)

116-117 Greenhill Road & 11 Miller Street, Unley is offered for sale by Expressions of Interest closing Thursday 31 October 2019 at 3.00pm (ACST).

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:

Alistair Mackie | +61 412 817 977
Tom Isaksson | +61 422 154 570

*Approx.

Property History for 116 Greenhill Rd, Unley, SA 5061

A timeline of how this property has performed in the market
Last Sold
$2,443,980
27 Oct 2023
  • 27 Oct 2023
    Sold for $2,443,980
  • 14 Feb 2020
    Sold for $1,650,000
  • 30 Sep 2019
    Listed for Sale Please contact agent

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About Unley 5061

The size of Unley is approximately 1.5 square kilometres. It has 6 parks covering nearly 4.4% of total area. The population of Unley in 2011 was 3,889 people. By 2016 the population was 3,994 showing a population growth of 2.7% in the area during that time. The predominant age group in Unley is 20-29 years. Households in Unley are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Unley work in a professional occupation. In 2011, 60.4% of the homes in Unley were owner-occupied compared with 61.4% in 2016.

Unley has 2,323 properties. Over the last 5 years, Houses in Unley have seen a 74.50% increase in median value, while Units have seen a 52.02% increase. As at 30 September 2024:

  • The median value for Houses in Unley is $1,732,962 while the median value for Units is $673,957.
  • Houses have a median rent of $688 while Units have a median rent of $535.
There are currently 5 properties listed for sale, and 8 properties listed for rent in Unley on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Unley.

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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.