Property Details for 96 Reservoir Rd, Modbury
Last Listing description (February 2024)
Owner Occupier / Reposition Investment - Leased to Commonwealth of Australia
- 2,113 sqm* building area
- Estimated net rental income of $625,490*
- 4.5 star NABERS rating
McGees Property are favoured with instructions to sell 96 Reservoir Road, Modbury.
96 Reservoir Road is currently leased to The Commonwealth of Australia. The property is situated within the exciting Modbury precinct and located directly adjacent Modbury Hospital, Westfield Tea Tree Plaza and in close proximity to the Adelaide O-Bahn.
Key features of the property include:
- Estimated net rental of $625,490*
- Leased to The Commonwealth of Australia expiring January 2025
- No further options to renew
- Longstanding tenant since 2010
- Building area of 2,113 sqm*
- 4.5 star NABERS rating
- Rental increased annually by 3% and to Market at renewal
- 90 on-site car parks
- Land area of 3,159 sqm*
For Sale by Expressions of Interest closing Thursday 28th September 2023 at 4pm.
For further details or to arrange an inspection of 96 Reservoir Road, Modbury which is strictly by appointment with the selling agent only, please contact James Juers or Phillip Joncheff of McGees Property (RLA 1722)
(* approx Any outlines indicative only.)
Property History for 96 Reservoir Rd, Modbury, SA 5092
- 28 Aug 2023Listed for Sale For Sale by Expression of Interest
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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 2016 was 5245 people. By 2021 the population was 5593 showing a population growth of 6.6% in the area during that time. The predominant age group in Modbury is 20-29 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 2021, 62.70% of the homes in Modbury were owner-occupied compared with 64.90% in 2016.
Modbury has 2,866 properties. Over the last 5 years, Houses in Modbury have seen a 108.97% increase in median value, while Units have seen a 118.13% increase. As at 28 February 2026:
- The median value for Houses in Modbury is $886,690 while the median value for Units is $628,893.
- Houses have a median rent of $613 while Units have a median rent of $650.
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