1/9-29 Desmond AvenuePooraka SA 5095
Property Details for 1/9-29 Desmond Ave, Pooraka
Last Listing description (December 2021)
JLL is pleased to present the Pooraka Shopping Centre for sale a high-yielding neighbourhood shopping centre anchored by Foodworks and providing a net yield in excess of 6.25%.
The property is situated on a highly visible corner site of 2,240sqm* just 200m* to Bridge Road. The 1,059sqm* building has been recently painted with fresh landscaping outside.
The centre is leased to anchor tenant Foodworks Supermarket and 5 specialty stores, providing a diverse mix of tenants including hairdresser, beauty salon, fitness centre, pizza bar and laundromat. There is one vacancy of circa 100sqm (two shops combined) providing further upside to the passing income.
Pooraka Shopping Centre produces passing net income of approximately $143,600 per annum after expenses, reflecting a net yield of over 6.25%. We consider the property to be a fantastic investment and have no hesitations in recommending this for your consideration.
For further information or to arrange and inspection of the property please contact exclusive selling agent JLL.
JLL RLA 1842
*Approx
Property History for 1/9-29 Desmond Ave, Pooraka, SA 5095
- 28 Feb 2025Sold for $2,100,000
- 11 Mar 2022Sold for $2,100,000
- 22 Feb 2021Listed for Sale 2,290,000
Recent sales nearby
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About Pooraka 5095
The size of Pooraka is approximately 5.4 square kilometres. It has 18 parks covering nearly 13.8% of total area. The population of Pooraka in 2016 was 7228 people. By 2021 the population was 7583 showing a population growth of 4.9% in the area during that time. The predominant age group in Pooraka is 30-39 years. Households in Pooraka are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pooraka work in a trades occupation.In 2021, 67.30% of the homes in Pooraka were owner-occupied compared with 67.70% in 2016.
Pooraka has 3,731 properties. Over the last 5 years, Houses in Pooraka have seen a 118.14% increase in median value, while Units have seen a 133.44% increase. As at 31 March 2026:
- The median value for Houses in Pooraka is $895,016 while the median value for Units is $612,584.
- Houses have a median rent of $600 while Units have a median rent of $560.
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