126 Payneham Road, Stepney, SA 5069

Offices | Retail | Medical

Sold $1,000,000

  • Property ID: 431651
  • Floor Area: 248m²
  • Land Area: 613m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 11/08/2023 248m2 613m2 $1,550,000
Rare Investment Opportunity

LJ Hooker Commercial Adelaide is pleased to present to the market 126 Payneham Road, Stepney.

The property dates back to Circa 1900's and consists of two individual tenancies. The façade is constructed of painted brick, and it features a galvanized sheeted bullnose verandah that offers optimal protection from the elements.

Located in a vibrant commercial shopping strip, the surrounding area teems with a diverse range of retail outlets, restaurants, cafes, and offices. The Avenues Shopping Centre is conveniently situated just 40 meters away, further enhancing the appeal and convenience of this prime location.

This property presents a unique opportunity to acquire a rare investment in the highly sought-after inner-metropolitan suburb of Stepney.

Features:
• Two commercial tenancies fully leased
• Build Area 248m2*
• Site area 613m2*
• Net income of $54,563.60* plus GST & outgoings
• High Exposure with 34,500 passing vehicles daily (Source: DPTI)
• Zoned: Suburban Activity Centre - SAC

Inspection by Private Booking

For further information contact Mario Bonomi 0412 080 993.

* Approximate

** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker Commercial Adelaide office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015

Stepney Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $165 ---
Offices $3125 $246 7.88%
Retail $3125 $279 8.92%
This is the average advertised price, rent and yield for Stepney, SA 5069*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in SA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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