419-423 Henley Beach RoadBrooklyn Park SA 5032
Property Details for 419-423 Henley Beach Rd, Brooklyn Park
Last Listing description (June 2018)
Knight Frank Adelaide is proud to present a single tenanted, hassle free, office investment opportunity within the Brooklyn Park commercial and retail strip on Henley Beach Road. Underpinned by a long-term and established national tenant, the property is located in close proximity to the Adelaide Airport and Kooyong Golf Club, between the Adelaide CBD and Henley Beach.
The property comprises a presentable and well maintained single level office building fronting Henley Beach Road, with rear car parking accessed via a side driveway. The building comprises reception area, separate offices, staff and kitchen area and male, female and disabled amenities located towards the rear of the building. The building features good internal natural light, and is fully air conditioned.
Tenant: MM Electrical
MMEM is the trade wholesale distribution business, with over 250 branch locations across Australia, specialising in a one stop sourcing and supply solution within the electrical, communications and data, solar, lighting and associated electrical component products.
Lease information:
Lease Entity: Metal Manufacturers Limited
Term: Five (5) years
Commencement date: 15th December 2016
Further Options: One (1) Five Year lease option to 14th December 2026
Rent: $50,000 p.a.
Outgoings: Increase in the rates charged over the base year of 2016 (please contact agent for base year outgoings information)
Rent Review: Market Rent Review to take place on the 15th December 2019 and at the commencement of the Lease Option on 15th December 2021. CPI reviews annually within the Lease Option period.
For sale by Auction Thursday 3rd May onsite 12 noon
Property History for 419-423 Henley Beach Rd, Brooklyn Park, SA 5032
- 08 Jun 2018Transacted (Non-standard sale) for $780,000
- 29 Mar 2018Listed for Sale Not Disclosed
- 11 Jul 2012Listed for Rent $55,000 / year
Recent sales nearby
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0About 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 2,343 properties. Over the last 5 years, Houses in Brooklyn Park have seen a 63.65% increase in median value, while Units have seen a 109.10% increase. As at 30 June 2026:
- The median value for Houses in Brooklyn Park is $1,109,801 while the median value for Units is $582,604.
- Houses have a median rent of $670 while Units have a median rent of $480.
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