OFF MARKET

191 Upper Sturt Road
Upper Sturt SA 5156

Bedrooms: -
Bathrooms: 1
Car spaces: 1
Land area: 1788m2
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Property Details for 191 Upper Sturt Rd, Upper Sturt

Building Type
Commercial
Year Built
1890
Land Size
1788m2
Local Government
Adelaide Hills
Lot/Plan
A8/F151310

Last Listing description (June 2008)

ADELAIDE HILLS - FREEHOLD & BUSINESS - AUSTRALIA POST FRANCHISE - 2/3 BEDROOM RESIDENCE ATTACHED
RE-LISTED DUE TO FAILED CONTRACT - BE QUICK
A RARE OPPORTUNITY TO PURCHASE THIS COMMERCIAL FREEHOLD PROPERTY EITHER AS AN OWNER OPERATOR OR INVESTOR.

THIS INCOME PRODUCING PROPERTY IS THE PERFECT ANSWER TO RISING INTEREST RATES - THE PROPERTY WILL PAY FOR ITSELF - LEAVING THE PURCHASER TO BENEFIT FROM THE FINANCIAL BENEFITS ASSOCIATED WITH LIVING ON SITE ALONG WITH THE HIGH CAPITAL GROWTH OPPORTUNITIES THAT MAY BE FORTHCOMING IN THIS TIGHTLY HELD REGION.
FOR AN INVESTOR THE PROPERTY COULD BE SECURELY LEASED AS A BUSINESS WITH RESIDENCE OR ALTERNATIVELY YOU COULD LEASE THE SHOP AND HOUSE AREA AS SEPARATE RENTALS. AN 8 -10% YIELD COULD BE AVAILABLE SUBJECT TO TENANT DEMAND..
COMMERCIAL PROPERTIES WITH RESIDENCES ATTACHED ARE VERY RARE IN THE FOOTHILLS WITH POTENTIAL DEVELOPMENT SITES FEW AND FAR BETWEEN.
THE BUSINESS CURRENTLY TRADES VERY SUCCESSFULLY AS A GENERAL STORE / POST OFFICE & COMMISSION FUEL AGENT
OFFERED WITH VACANT POSSESSION SUBJECT TO TRANSFER OF AUSTRALIA POST LICENSE AND FUEL SUPPLY AGREEMENT
LAND AREA APPROX 1800M2
IMPROVEMENTS INCLUDE SPACIOUS 2/3BR RESIDENCE, APPROX 150 M2 + RETAIL AREA AND DINING SPACE WITH PANORAMIC VIEWS.
INCLUDED IN THE SALE IS ALL THE FREEHOLD PROPERTY & IMPROVEMENTS, AUSTRALIA POST FRANCHISE,BUSINESS NAME AND GOODWILL, PLANT & EQUIPMENT ALONG WITH STOCK AT VALUE (APPROX $10,000)
DONT MISS THIS OPPORTUNITY TO PURCHASE THIS EXCITING FREEHOLD PROPERTY AND EITHER CONTINUE TO OPERATE THE PROFITABLE BUSINESS OR ALTERNATIVELY LEASE THE PROPERTY AS A SECURE INVESTMENT.
FOR FURTHER DETAILS OR TO ARRANGE AN INSPECTION CALL ANTONIO SAWLWIN 0401 224 215
ADDITIONAL FEATURE - PANOROMIC VIEWS.

Property History for 191 Upper Sturt Rd, Upper Sturt, SA 5156

A timeline of how this property has performed in the market
Last Sold
$340,000
02 Jun 2008
  • 02 Jun 2008
    Sold for $340,000
  • 11 Oct 2007
    Listed for Sale $450,000 + SAV (NEG) FREEHOLD & BUSINESS
  • 05 Sep 1994
    Sold for $202,500

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About Upper Sturt 5156

The size of Upper Sturt is approximately 7.7 square kilometres. It has 5 parks covering nearly 8.4% of total area. The population of Upper Sturt in 2011 was 1,005 people. By 2016 the population was 943 showing a population decline of 6.2% in the area during that time. The predominant age group in Upper Sturt is 60-69 years. Households in Upper Sturt are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Sturt work in a professional occupation. In 2011, 90.9% of the homes in Upper Sturt were owner-occupied compared with 91.1% in 2016.

Upper Sturt has 448 properties. Over the last 5 years, Houses in Upper Sturt have seen a 69.17% increase in median value. As at 31 October 2024:

  • The median value for Houses in Upper Sturt is $1,219,786 while the median value for Units is $432,942.
There are currently no properties listed for sale, and no properties listed for rent in Upper sturt on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Upper sturt.

Suburb Insights for Upper Sturt 5156

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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.