8 Sherriffs Road WLonsdale SA 5160
Property Details for 8 Sherriffs Rd W, Lonsdale
Last Listing description (September 2021)
This is an amazing opportunity for any wise investor to understand how significant this sale is. With a strong 15 (5x5x5) year lease currently generating an income of $154,500 + GST + Outgoings only in its second year of its first term plus a further 3% increase year on year. This tenant is very well setup in this property and is very successful in their own right, taking note for investment that they are in an essential services space and are not impacted by the COVID 19 pandemic. You won't be disappointed parking your money here. The estimated value to re-establish the buildings on this site are approximately $2.4M and it would be very difficult to replicate this setup if land was purchased prior to development. Located in an excellent well established part of Lonsdale and Adelaide CBD is only just over 20kms away.
A lot has been completed to this site to achieve such a strong lease which includes the following:
* Full electrical rewiring of the factories, including three phase power
* Bringing fire safety measures into compliance
* Removal of dense vegetation on the rear of the site
* Levelling the site through thousands of tonnes of soil and then compacting the surface
* Renovating the external walls of the office (addressing Sherriffs Road West) to modernise the faade
* Renovating the office spaces to bring to a professional standard
* Fencing along shared boundary replaced
* Security system and monitored CCTV and alarms installed
* High quality LED light tower installed to illuminate the rear yard, facilitating night shift movements as required
* Complete removal of all asbestos from the site - including factory walls and roofing
Be quick to enquire!
Property History for 8 Sherriffs Rd W, Lonsdale, SA 5160
- 08 Jul 2022Sold for $2,800,000
- 14 Oct 2021Sold for $2,400,000
- 20 Aug 2021Listed for Sale Price on Application
Recent sales nearby
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0About Lonsdale 5160
The size of Lonsdale is approximately 9.9 square kilometres. It has 10 parks covering nearly 4.2% of total area. The population of Lonsdale in 2016 was 29 people. By 2021 the population was 23 showing a population decline of 20.7% in the area during that time. The predominant age group in Lonsdale is 50-59 years. Households in Lonsdale are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Lonsdale work in a community and personal service occupation.In 2021, 0.00% of the homes in Lonsdale were owner-occupied compared with 0.00% in 2016.
Lonsdale has 981 properties. As at 31 December 2025:
- The median value for Houses in Lonsdale is $1,041,339 while the median value for Units is $472,736.
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