Property Details for 2 Addison Rd, Pennington
Last Listing description (February 2024)
PROMINENT CORNER SITE WITH GREAT EXPOSURE!
Nick Psarros and Alex Nilsen of Ray White Port Adelaide/Largs Bay are pleased to present to the market this fantastic opportunity to secure this high exposure site situated on approx 840m2 corner allotment of Torrens and Addison Roads, only 12 kms from the Adelaide CBD. Also known as 660 Torrens Road, Pennington.
This exceptional property offers a unique opportunity with the cottage currently operating as a consulting practice and the substantial outer office retail space extending a myraid of options - offering further opportunity for medical/consulting professionals to establish their practice, or options to keep as a retail shop or conversion to office space in this prime prominent location of Pennington.
With easy access to transportation and major roads, this property is conveniently located for both staff and clients. Additionally, there is ample off-street parking available, ensuring hassle-free customer/client access.
Key investment features:
* Cottage of approximately 64m2 - Wellness Consulting leased at $900/month
* Modern appointments throughout featuring 2 office/consulting rooms, kitchen and WC facilities
* Retail/Offices approximately 344m2 featuring 2 toilets, kitchen, garage with auto roller door
* Located 12 kms west of the CBD
* Immmersed within a strong residential catchment area within close proximity to local primary schools
* Potential for redevelopment
* Zoned - Local Activity Centre within the Charles Sturt Council
* Ample off-street parking
Don't miss out on this incredible opportunity to secure a prime property in Pennington. Don't hesitate to schedule a viewing and register your interest. Contact Nick Psarros TODAY on 0400 506 555 for further information.
***Regarding price. The property is being offered to the market by way of Auction, unless sold prior. Vendors are not releasing a price guide to the market. The agent is not able to guide or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email or at the open inspection***
To place an offer on this property, please complete this Letter of Offer form https://forms.gle/2P3oovTaZZ7VdYjS6
To pre-register for this Auction please complete this registration form: https://bit.ly/3fJezZW
Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
"The vendor statement may be inspected at 129 Port Road, Queenstown for 3 consecutive days preceding the auction and at the auction for 30 minutes before it starts."
Property History for 2 Addison Rd, Pennington, SA 5013
- 25 Jan 2024Sold - Price Undisclosed
- 09 Jan 2024Listed for Sale $935,000 - SOLD AT AUCTION
Recent sales nearby
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0About Pennington 5013
The size of Pennington is approximately 1.4 square kilometres. It has 6 parks covering nearly 4.3% of total area. The population of Pennington in 2016 was 3647 people. By 2021 the population was 3773 showing a population growth of 3.4% in the area during that time. The predominant age group in Pennington is 50-59 years. Households in Pennington are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pennington work in a professional occupation.In 2021, 59.00% of the homes in Pennington were owner-occupied compared with 57.50% in 2016.
Pennington has 1,562 properties. Over the last 5 years, Houses in Pennington have seen a 88.71% increase in median value, while Units have seen a 102.96% increase. As at 31 December 2025:
- The median value for Houses in Pennington is $871,447 while the median value for Units is $635,887.
- Houses have a median rent of $560 while Units have a median rent of $263.
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