329-331 Henley Beach RoadBrooklyn Park SA 5032
Property Details for 329-331 Henley Beach Rd, Brooklyn Park
Last Listing description (March 2022)
Offered for the first time in over 35 years, McGees Property is proud to offer 329-331 Henley Beach Road, Brooklyn Park for sale by Public Auction. A fully leased strip in a prominent western corner only minutes from the Adelaide Airport and CBD.
This longstanding shopping strip offers an outstanding opportunity to secure a substantial landholding of 1,948 square metres* and an excellent rental return. Comprising 10 tenancies among 12 shops, this iconic corner site generates a net income of $231,578* with all leases providing 3% to 5% annual rent increases.
With significant rental upside and opportunities to renovate or redevelop, this location is the ideal opportunity to secure a long-term development site or investment in a growing inner-western location.
Key features of this investment property are:
- Net income of $231,578 per annum* (after deducting Land Tax on a single holding basis)
- Multiple income streams from various retail and service tenants
- Potential for future rental upside with an average rate per square metre of $243.52
- Attractive lease terms with 3% to 5% rental increases annually for all tenancies
- Longstanding retail shopping centre with a lettable area of 988 sqm*
- Substantial land holding of 1,948 square metres*
- High exposure corner positioning on Main Road
- 5.5 km* from the CBD, 1.3 km* from Adelaide Airport,
- 1 km* from Marion Rd and 2.3 km* from South Rd
- Zoned General Neighbourhood GN in the City of West Torrens
The property is offered for sale by Public Auction to be held on the property on Friday 11th March 2022 at 11.00 a.m.
To discuss this offering further and to arrange an inspection, please contact Saxon Smith or Nova Gaud of McGees Property (RLA 1722)
(* approx. Any outlines indicative only)
Property History for 329-331 Henley Beach Rd, Brooklyn Park, SA 5032
- 09 Jun 2022Sold for $4,400,000
- 07 Feb 2022Listed for Sale For Sale by Public Auction
Recent sales nearby
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About Brooklyn Park 5032
The size of Brooklyn Park is approximately 1.5 square kilometres. There are 5 parks, covering nearly 0.7% of the total area. The population of Brooklyn Park in 2016 was 4781 people. By 2021 the population was 5040 showing a population growth of 5.4% in the area during that time. The predominant age group in Brooklyn Park is 30-39 years. Households in Brooklyn Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brooklyn Park work in a professional occupation.In 2021, 55.60% of the homes in Brooklyn Park were owner-occupied compared with 54.70% in 2016.
Brooklyn Park has 2,345 properties. Over the last 5 years, Houses in Brooklyn Park have seen a 71.17% increase in median value, while Units have seen a 105.09% increase. As at 30 April 2026:
- The median value for Houses in Brooklyn Park is $1,122,621 while the median value for Units is $573,204.
- Houses have a median rent of $660 while Units have a median rent of $480.
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