74 Brighton RoadGlenelg East SA 5045
Property Details for 74 Brighton Rd, Glenelg East
Last Listing description (November 2022)
Absolutely outstanding opportunity to purchase in the highly sought after suburb of Glenelg.
This tenanted property boasts value and convenience with prime main road exposure. Well suited to owner-occupiers or an investor looking to begin or expand their portfolio.
Perfectly positioned close to all amenities and the heart of the Bay.
The total area of the property is approximately 660m2 with approximately 373m2 of multi-purpose lettable floor space.
Onsite parking for up to 7 vehicles (access via rear lane) including one disabled.
The property is currently being used a Bikram yoga studio and consists of a spacious reception area, huge open studio space, modern male/female toilets with showers. There is also a disabled toilet including a shower.
In addition there are staff amenities with kitchenette to the rear and large storage area with roller door access to the car park.
CURRENT TENANCY DETAILS:
Leased to: Bikram Yoga Studio
Lease: 01/11/2019 31/10/2024 together with one right of renewal for a further five (5) years thereafter.
Base Lease Rental: $81,487.80 pa + GST
Rent Reviews: Annually from 01/11/21 @ CPI
Outgoings: Tenant is responsible for 100% of Council, SA Water, ESL, Administration fee and Building Insurance
Please note, the tenant is on reduced rental payments of $57,000 pa + GST. The property is also being advertised for re-rental @ $83,000 + GST.
Council Rates: $2,652.15 per annum
SA Water: $270.28 per quarter
Building Insurance: $2,895.00 per annum
ESL: $ N/A
Please Note: Council restrictions for hours of operation being 7am - 9pm Mon -Fri & 8am - 5pm Sat & Sun.
TAPLIN GROUP OF COMPANIES - RLA 1836
Property History for 74 Brighton Rd, Glenelg East, SA 5045
- 15 Nov 2022Sold for $1,310,000
- 24 Aug 2022Listed for Sale CONTACT AGENT
- 22 Mar 2022Listed for Rent - Price not available
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About Glenelg East 5045
The size of Glenelg East is approximately 1.3 square kilometres. There are 6 parks, covering nearly 6.1% of the total area. The population of Glenelg East in 2016 was 3756 people. By 2021 the population was 3855 showing a population growth of 2.6% in the area during that time. The predominant age group in Glenelg East is 60-69 years. Households in Glenelg East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg East work in a professional occupation.In 2021, 65.30% of the homes in Glenelg East were owner-occupied compared with 62.00% in 2016.
Glenelg East has 2,034 properties. Over the last 5 years, Houses in Glenelg East have seen a 62.61% increase in median value, while Units have seen a 79.01% increase. As at 31 August 2026:
- The median value for Houses in Glenelg East is $1,717,353 while the median value for Units is $719,075.
- Houses have a median rent of $700 while Units have a median rent of $540.
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