829-839 North East Road, Valley View, SA 5093 sold on 13 August 2025 | OnTheHouse
SOLD
Sold on 13 Aug 2025 for $8,280,000

829-839 North East Road
Valley View SA 5093

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4401m2
Sold By
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Burgess Rawson Melbourne
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Property Details for 829-839 North East Rd, Valley View

Building Type
Commercial
Year Built
2019
Land Size
4401m2
Local Government
Tea Tree Gully
Lot/Plan
A703/D122614

Last Listing description (June 2025)

Burgess Rawson and RWC Adelaide are delighted to offer to the market the BP (X Convenience) at 829-839 North East Road, Valley View (Adelaide) SA for sale via Investment Portfolio Auction 176.

This property has the following key investment highlights:

+ Long Fifteen (15) Year lease to BP to November 2034 plus Two (2) further Ten (10) Year options to 2054.

+ BP (British Petroleum) - A global energy leader dual-listed on the LSE (BP) and NYSE (BP), with a combined market cap of $132.42 billion. Recently acquired X Convenience in SA and WA, expanding its national footprint to over 1,400 convenience retail sites.**
+ X Convenience: fast growing independent fuel retailer with over 49 service stations across South Australia and Western Australia.***
+ Compounding, fixed 3% annual rent increases, providing certain rental growth.
+ Landlord-favourable net lease terms, with tenant responsible for usual outgoings including land tax and management fees.
+ IMPORTANT: BP owns and is responsible to monitor, maintain, service, repair & replace all fuel equipment.
+ Significant 4,401sqm* site with 72 metre* frontage and exposure to 48,000+ vehicles passing daily.****
+ Strategic metro Adelaide location with Westfield Tea Tree Shopping Centre (11.3M visitors), Bunnings Warehouse, plus the Modbury Hospital Health Precinct undergoing $130M* redevelopment all within 1.5km*
+ Surrounded by important social infrastructure with 18 schools within 3km* servicing 14,857 full time students.****
+ City of Tea Tree Gully: an expanding hub for retail, IT, housing and health services with a $4.25 billion GRP and a population forecast to increase by 10.34% to 112,600 residents by 2046*****
+ Stamp duty free investment.
+ Net Income: $463,709 pa* + GST.

For Sale via Investment Portfolio Auction 176
10:30AM AEST, Wednesday 14 May 2025
Garden Room, Crown Casino, Melbourne

Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401

Immobiliare (SA) Pty Ltd T/A RWC Adelaide - RLA 332186

For further information, please contact the Burgess Rawson or Ray White Commercial selling agents.

*Approx
**BP
***X Convenience
****GapMaps
*****REMPLAN

Property History for 829-839 North East Rd, Valley View, SA 5093

A timeline of how this property has performed in the market
Last Sold
$8,280,000
13 Aug 2025
  • 13 Aug 2025
    Sold for $8,280,000
  • 17 Apr 2025
    Listed for Sale Contact listing agent
  • 09 Jan 2020
    Sold for $6,500,000
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About Valley View 5093

The size of Valley View is approximately 2.9 square kilometres. It has 14 parks covering nearly 18.4% of total area. The population of Valley View in 2016 was 6110 people. By 2021 the population was 6405 showing a population growth of 4.8% in the area during that time. The predominant age group in Valley View is 30-39 years. Households in Valley View are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Valley View work in a professional occupation.In 2021, 77.70% of the homes in Valley View were owner-occupied compared with 79.70% in 2016.

Valley View has 2,986 properties. Over the last 5 years, Houses in Valley View have seen a 115.61% increase in median value, while Units have seen a 119.24% increase. As at 30 November 2025:

  • The median value for Houses in Valley View is $875,965 while the median value for Units is $553,058.
  • Houses have a median rent of $625 while Units have a median rent of $470.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Valley view on OnTheHouse. According to Cotality's data, 157 properties were sold in the past 12 months in Valley view.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.