395 Glen Osmond RoadGlen Osmond SA 5064
Property Details for 395 Glen Osmond Rd, Glen Osmond
Last Listing description (July 2022)
JLL is pleased to present 395 Glen Osmond Road, Glen Osmond for sale by Public Auction on Tuesday 12 July 2022 a securely leased investment with future development upside.
Strategically located on the city outbound side of Glen Osmond Road on a corner site with two street frontages. Glen Osmond Road is one of Adelaide's busiest main roads with an estimated 27,000** vehicles passing by daily providing excellent exposure.
The property is provided direct access from Glen Osmond Road together with two additional access points from Chapel Street, providing easy vehicular access.
The improvements on the site are currently utilised as a hand car wash. The property is securely leased to a long term tenant at a current rent of $63,740* per annum net on a 5 + 5 year lease with expiry in November 2031 (including renewal). The rent is increased annually by 3.0% and reviewed to market in 2026.
The property presents as a passive investment with the tenant responsible for payment of all outgoings apart from land tax.
We strongly recommend your consideration of this 'set and forget' securely leased investment with development upside (stnc).
Opportune time for an astute investor to capitalise on no stamp duty applicable on commercial transactions and acquire an affordable investment with fixed rent increases in a tightly held commercial location.
We highlight the key property features below:
Corner site with dual street frontages in a well regarded suburb
Fully leased with a net income of $63,740* per annum
Long term lease to a long standing tenant with fixed annual increase
Future development upside
High profile main road location
The property is offered for sale by Public Auction on Tuesday 12 July 2022 at 11am.
For more information or to arrange an inspection, please contact exclusive selling agent JLL.
*Approx
** Department of Planning, Transport and Infrastructure
Property History for 395 Glen Osmond Rd, Glen Osmond, SA 5064
- 10 Oct 2022Sold for $1,635,000
- 16 Jun 2022Listed for Sale Contact Agent
- 30 Nov 2016Transferred
Recent sales nearby
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0About Glen Osmond 5064
The size of Glen Osmond is approximately 1.3 square kilometres. There are 7 parks, covering nearly 6.4% of the total area. The population of Glen Osmond in 2016 was 1990 people. By 2021 the population was 2154 showing a population growth of 8.2% in the area during that time. The predominant age group in Glen Osmond is 10-19 years. Households in Glen Osmond are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Osmond work in a professional occupation.In 2021, 85.20% of the homes in Glen Osmond were owner-occupied compared with 84.90% in 2016.
Glen Osmond has 869 properties. Over the last 5 years, Houses in Glen Osmond have seen a 42.08% increase in median value, while Units have seen a 80.75% increase. As at 31 August 2026:
- The median value for Houses in Glen Osmond is $1,832,581 while the median value for Units is $857,197.
- Houses have a median rent of $1,000 while Units have a median rent of $750.
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