Leased till 20/5/2024 with a net rental income of $72,000+ outgoings per annum, this is a rare and exciting opportunity to secure a quality addition to your portfolio.
The Glenelg tourist precinct, comprising Jetty, Moseley Square, the tram connecting the bay with the cbd as well as a smorgasboard of hospitality, retail and boutique shopping. Glenelg is the jewel in the crown for the state's tourism and attracts tourists both here and abroad.
384m2 Land size
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The size of Glenelg South is approximately 0.7 square kilometres. There are 4 parks, covering nearly 1.6% of the total area. The population of Glenelg South in 2016 was 2239 people. By 2021 the population was 2184 showing a population decline of 2.5% in the area during that time. The predominant age group in Glenelg South is 60-69 years. Households in Glenelg South are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glenelg South work in a professional occupation.In 2021, 58.40% of the homes in Glenelg South were owner-occupied compared with 55.40% in 2016.
Glenelg South has 1,280 properties. Over the last 5 years, Houses in Glenelg South have seen a 64.15% increase in median value, while Units have seen a 88.91% increase. As at 31 July 2026:
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