64 Princes HighwayNairne SA 5252
Property Details for 64 Princes Hwy, Nairne
Last Listing description (January 2013)
Healthy Returns
If ever there was an ideal commercial investment property then this is probably it. Boasting returns of well over 9%, there is a new 5 x 5 year lease in place to a strong tenant, the Nairne Pharmacy. A compact site, it is well located in the heart of this rapidly growing township. Well presented and in good condition, it will appeal to those looking for security in bricks and mortar with higher returns than are generally offered. Act now as this has been priced for a speedy outcome. Current net income of $23,700 per annum.....and don't forget, the tenant pays the outgoings!
Property History for 64 Princes Hwy, Nairne, SA 5252
- 08 Oct 2021Sold for $300,000
- 24 Jan 2013Sold for $240,000
- 23 Oct 2012Listed for Sale $260,000
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0About Nairne 5252
The size of Nairne is approximately 22.3 square kilometres. There are 18 parks, covering nearly 2.0% of the total area. The population of Nairne in 2016 was 5042 people. By 2021 the population was 5327 showing a population growth of 5.6% in the area during that time. The predominant age group in Nairne is 0-9 years. Households in Nairne are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nairne work in a professional occupation.In 2021, 77.80% of the homes in Nairne were owner-occupied compared with 74.00% in 2016.
Nairne has 2,624 properties. Over the last 5 years, Houses in Nairne have seen a 92.82% increase in median value, while Units have seen a 101.01% increase. As at 31 May 2026:
- The median value for Houses in Nairne is $855,874 while the median value for Units is $620,583.
- Houses have a median rent of $600 while Units have a median rent of $320.
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