191 Reservoir RoadModbury SA 5092
Property Details for 191 Reservoir Rd, Modbury
Last Listing description (July 2023)
Adelaide's leading accommodation & events venue
JLL is delighted to exclusively offer for sale Sfera's Park Suites & Convention Centre, located in the north-eastern metropolitan suburb of Modbury, approximately 13kms from Adelaide's CBD.
Occupying a commanding 5,725sqm corner site on the picturesque Civic Park, the newly renovated, multi-purpose venue offers five unique state-of-the-art function and event rooms, catering for up to 460 seated and 950 people cocktail style, with eight breakout areas, extensive function space, food & beverage facilities, plus 22 luxuriously appointed accommodation suites.
As Adelaide's leading reception venue, this is an outstanding opportunity to acquire a landmark property offering huge stamp duty savings, as well as providing the ability to capitalise on its sound reputation as a well-established and highly regarded business operation.
Key highlights include:
* Freehold and business available offering genuine flexibility
* Long-standing and well-established business with experienced operators at the helm for over 25 years
* Award-winning accommodation and events venue offering five newly renovated event spaces plus 22 well-appointed large suites which can accommodate multiple guests
* Strategically located on the popular Civic Park with direct access to the Adelaide O-Bahn, linking Modbury to Adelaide's CBD in under 20 minutes
* Modbury is the major commercial precinct of Adelaide's north east and is surrounded by key amenities such as Westfield Tea Tree Plaza, Modbury Triangle Shopping Centre, Modbury Hospital and GP Plus Super Clinic
* Rebranding opportunity presenting potential owners or investors with branding flexibility
* Significant 5,725sqm* corner landholding, approximately 25 minutes from Adelaide's CBD in the heart of Modbury's central business district with further development potential (STCA)
* Huge stamp duty savings with zero payable on commercial properties in South Australia
*Approx.
For sale via Expressions of Interest closing Monday 22 May 2023 at 5:00pm AEST.
For further information on this outstanding opportunity, please contact the selling agents.
Property History for 191 Reservoir Rd, Modbury, SA 5092
- 18 Apr 2023Listed for Sale Contact Agent
About Modbury 5092
The size of Modbury is approximately 3.3 square kilometres. It has 18 parks covering nearly 16.5% of total area. The population of Modbury in 2011 was 4,924 people. By 2016 the population was 5,233 showing a population growth of 6.3% in the area during that time. The predominant age group in Modbury is 30-39 years. Households in Modbury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury work in a professional occupation. In 2011, 66.2% of the homes in Modbury were owner-occupied compared with 64.9% in 2016.
Modbury has 2,835 properties. Over the last 5 years, Houses in Modbury have seen a 101.10% increase in median value, while Units have seen a 112.48% increase. As at 30 April 2025:
- The median value for Houses in Modbury is $780,673 while the median value for Units is $562,938.
- Houses have a median rent of $593 while Units have a median rent of $630.
What's around 191 Reservoir Rd, Modbury
Suburb Insights for Modbury 5092
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Population 5,233
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11%
10-19
10%
20-29
16%
30-39
16%
40-49
12%
50-59
10%
60-69
10%
70-79
9%
80-89
5%
90-99
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