43 George StreetNorwood SA 5067
Property Details for 43 George St, Norwood
Last Listing description (October 2023)
Savills is pleased to present this character standalone Allied Health Office in the heart of Norwood.
Key Investment Highlights include:
- Standalone character villa offering premium office/consulting
- Fully Leased to Sanare Wellness Pty Ltd
- Initial lease term commencing 1st November 2021 until 31st October 2023
- Estimated net annual income of $53,272.58* + GST as at November 2022
- Favourable annual CPI rental increases
- Strategic high exposure, high demand, central location within Norwood
- High profile site of 627sq m* and enjoys a large 13.72sq m* frontage
- Building area of 158sq m* with 13 rear car parks
- Nearby to Hoyts Cinema, Bath Hotel, Norwood Oval and the newly built Como on the Parade precinct
- Zero stamp duty on the sale of commercial property in South Australia
- Zoned Business Neighbourhood within the City of Norwood Payneham & St. Peters
For Sale by Expressions of Interest Closing Wednesday 31st of May 4pm 2023 (ACST) unless sold prior.
An inspection is must!
Please contact the exclusive listed agents to book a private inspection.
*approximately
Property History for 43 George St, Norwood, SA 5067
- 16 Oct 2023Sold for $2,400,000
- 18 Apr 2023Listed for Sale Contact Agent
- 26 Nov 2020Sold for $935,000
Recent sales nearby
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About Norwood 5067
The size of Norwood is approximately 2.2 square kilometres. There are 10 parks, covering nearly 1.8% of the total area. The population of Norwood in 2016 was 5953 people. By 2021 the population was 6354 showing a population growth of 6.7% in the area during that time. The predominant age group in Norwood is 30-39 years. Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation.In 2021, 51.20% of the homes in Norwood were owner-occupied compared with 50.00% in 2016.
Norwood has 4,743 properties. Over the last 5 years, Houses in Norwood have seen a 51.36% increase in median value, while Units have seen a 66.50% increase. As at 30 June 2026:
- The median value for Houses in Norwood is $1,722,380 while the median value for Units is $865,664.
- Houses have a median rent of $743 while Units have a median rent of $600.
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