12-20 Cromwell StreetAdelaide SA 5000
Property Details for 12-20 Cromwell St, Adelaide
12-20 Cromwell St, Adelaide is a 1 bedroom, 0 bathroom House with 45 parking spaces and was built in 1990. The property has a floor size of 69m2.
Last Listing description (April 2021)
This is the sale of three strata units currently operating as a three storey privately owned car park. Located in Cromwell Street just off Pulteney Street and close to South Terrace in the city. The sale is of three strata units made up as follows:
a) Strata Unit 9 - consisting of 18 individual first floor car parks.
Car parks 59-63 inclusive
Car parks 64-70 inclusive
b) Strata Unit 13 - consisting of ten Individual ground floor car parks.
Car parks 1 & 2
Car parks 3,4,5 & 23-27 inclusive
c) Strata Unit 14 - consisting of 15 Individual ground floor car parks plus four storerooms created on what were originally designed as individual car parks.
Car parks 6-22 inclusive of which 9 & 18B are storage sheds.
plus 2 more storage (18A & 18C) - both under the stairwell and one under the ramp, both on common property; however, they do not in any way impinge on any operation.
All cars and storerooms have monthly leases and are either at capacity or close to capacity. The park is fully secured and access is via an individual key pad number with cars parked at the tenant's risk. The building was originally built in 1992 and is considered a modern functional car park providing a service that is in significant demand within the local business community.
The conservative Government Capital Value for all three titles comes in at $1,040,000. GST is to be added to the final sale price. It should also be noted that Stamp Duty is exempt from the sale of this property, as they fall under Land Use Code 6530, saving in the region of $57,000.
Chris Weston 0419 816 302
Property History for 12-20 Cromwell St, Adelaide, SA 5000
- 19 Feb 2021Listed for Sale Sold Under Auction Conditions
- 17 Dec 2018Listed for Rent $212 / month
Recent sales nearby
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.
Adelaide has 18,819 properties. Over the last 5 years, Houses in Adelaide have seen a 43.98% increase in median value, while Units have seen a 37.56% increase. As at 31 March 2026:
- The median value for Houses in Adelaide is $1,210,028 while the median value for Units is $585,713.
- Houses have a median rent of $670 while Units have a median rent of $620.
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