1023A South RoadMelrose Park SA 5039
Property Details for 1023a South Rd, Melrose Park
Last Listing description (January 2021)
JLL is pleased to offer for sale 1023 South Road, Melrose Park a prominent corner property on a major arterial roadway just 8* kilometres from the Adelaide CBD.
Occupying a corner-to-corner position, the 5,567* square metre site boasts frontage to South Road of over 73 metres, with further frontages to Rozelle Street and Corunna Avenue. The property enjoys significant exposure with an estimated 50,000 vehicles passing daily (Source: DPTI).
The strength of the location is evident in the number of major national retail and bulky goods brands that have chosen to locate at Melrose Park and Edwardstown, including the largest Bunnings Warehouse in SA, JB Hifi, Amart Furniture, Supercheap, Baby Bunting, Coles, Target and Foodland.
We strongly endorse this opportunity and highlight the key property features for your consideration:
Large corner site of approximately 5,567 sqm* over 7 titles
Functional improvements generating net income of $255,000 per annum
Frontage to South Road of over 73 metres
Huge exposure with 50,000 vehicles passing daily (DPTI traffic volume estimates)
Favourable zoning allowing a broad range of retail, commercial and industrial development.
JLL is exclusively appointed to offer 1023 South Road, Melrose Park for sale by Expression of Interest, closing 4pm Thursday 5th December 2019.
For more information please contact the selling agents.
*Approximate
JLL RLA 1842
Property History for 1023a South Rd, Melrose Park, SA 5039
- 08 Nov 2019Listed for Sale Contact Agents
- 24 Jun 2011Sold for $214,580
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About Melrose Park 5039
The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2016 was 2211 people. By 2021 the population was 2319 showing a population growth of 4.9% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation.In 2021, 66.00% of the homes in Melrose Park were owner-occupied compared with 68.20% in 2016.
Melrose Park has 1,194 properties. Over the last 5 years, Houses in Melrose Park have seen a 92.07% increase in median value, while Units have seen a 102.27% increase. As at 31 January 2026:
- The median value for Houses in Melrose Park is $1,219,833 while the median value for Units is $678,751.
- Houses have a median rent of $630 while Units have a median rent of $455.
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