1 Hugh Cairns AvenueBedford Park SA 5042
Property Details for 1 Hugh Cairns Ave, Bedford Park
Last Listing description (September 2019)
High yielding metro office with value add
JLL is pleased to present 1 Hugh Cairns Avenue for sale by Expression of Interest, a secure investment fully leased to Westpac Banking Corporation Ltd with future development potential.
Situated in the suburb of Bedford Park, South Australia, the property comprises a modern purpose-built two storey commercial building with on-site car parking and a fully operational standalone Child Care Centre.
1 Hugh Cairns Avenue presents a unique opportunity to acquire an asset with both a strong rental income stream and significant future reposition and/or development potential. The property is strategically located for buyers to capitalise on significant transport infrastructure (current under construction) and the impending development in the precinct. In the medium to longer term, the 28,500sqm site has potential for medium density residential, student accommodation, or mixed-use development (stnc).
Large site of 28,500sqm* with onsite parking for 409 vehicles
Fully leased to Westpac until October 2019 with net income of $2,143,405 p.a.
Situated adjacent major public infrastructure works including new rail link to CBD
Secure cash flow with value add opportunity via future reposition/redevelopment
3.5-Star NABERS Energy rating
*approximately
JLL
RLA1842
Property History for 1 Hugh Cairns Ave, Bedford Park, SA 5042
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About Bedford Park 5042
The size of Bedford Park is approximately 2.7 square kilometres. There are 6 parks, covering nearly 8.7% of the total area. The population of Bedford Park in 2016 was 1836 people. By 2021 the population was 1882 showing a population growth of 2.5% in the area during that time. The predominant age group in Bedford Park is 20-29 years. Households in Bedford Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bedford Park work in a community and personal service occupation.In 2021, 46.60% of the homes in Bedford Park were owner-occupied compared with 42.90% in 2016.
Bedford Park has 692 properties. Over the last 5 years, Houses in Bedford Park have seen a 93.25% increase in median value, while Units have seen a 101.21% increase. As at 30 June 2026:
- The median value for Houses in Bedford Park is $1,056,060 while the median value for Units is $653,099.
- Houses have a median rent of $675 while Units have a median rent of $490.
Suburb Insights for Bedford Park 5042
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