993-997 South Road (Corner Regent Street),
Melrose Park, SA 5039

Shops & Retail

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

993-997 South Road (Corner Regent Street)

Melrose Park, SA 5039

Map of 993-997 South Road (Corner Regent Street)

Directions

State of The Art Service Station - 15 Year Lease to 2035 plus Options to 2055

15 year lease
Options through to 2055
Homeward bound major Adelaide arterial

United Petroleum: One of Australia’s fastest growing national fuel & convenience retailers, 450+ sites
Prime corner opposite Castle Plaza Shopping Centre (Coles anchored including 65 shops)
Large 2,406sqm site with 90m corner frontage, just 6.5km to CBD
Highly visible site with dedicated turn-right northbound traffic lane
Castle Plaza Shopping Centre is located opposite and is anchored by Coles, Target and Drakes Supermarket together with 65 specialty shops
Near Bunnings, McDonald’s, KFC, Autobarn, Beacon Lighting, Supercheap Auto, Amart Furniture, JB Hi-Fi, Petbarn Wattyl Red Rooster, Spotlight, McDonalds, Hungry Jacks, Bridgestone, Yamaha, Tradelink, Battery Work and Ultra Tune
Long term potential upside with future scope to value add further (subject to relevant and council approvals)
Net income $334,744 pa (excluding of GST) (next review due March 2022)

Melrose Park, 5039 demographic data

The median household income for Melrose Park is $1,583, 2% higher than Greater Adelaide's household income of $1,548. Melrose Park has a younger age profile compared to the rest of Greater Adelaide (median age 38 vs 39). Property ownership data shows 50% of property owners in Melrose Park have a mortgage.

2,319

Population

$1,583 per week

Median household income

38 years

Median age

Owners

Most residents

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Most households

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000