228-230 North Terrace, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

228-230 North Terrace
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 6200m2
Land area: 659m2
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Property Details for 228-230 North Tce, Adelaide

Building Type
Commercial
Year Built
1955
Floor Size
6200m2
Land Size
659m2
Local Government
Adelaide
Lot/Plan
A213/F181865

Last Listing description (December 2025)

LJ Hooker Commercial is pleased to launch this unique retail space located at 228-230 North Terrace known as Austin Way for lease.

Located at the ground floor of the Scape student accommodation building, Austin Way provides a modern and exciting retail space suitable for a range of uses. Across two levels the spaces are flexible and have endless opportunities.

The ground floor provides five individual shops and a kiosk. To the first floor is a versatile open plan space with a flexible space.

These spaces are sure to have exceptional foot traffic, being located across from Adelaide University, SA Museum, Art Gallery, State Library and Rundle Mall, just 100* metres to the south.

Ground floor tenancies have existing provisions for food uses, bi-fold glass shop fronts, all connected via a shared common area.

Key Features Include:
- Areas ranging from 20m2* 292m2*
- Connective common area
- Take advantage of some existing fit outs
- Prime CBD location
- Excellent foot traffic
- Surrounded by a mix of commercial and residential uses
- Access from both North Terrace and Austin Street
- Available now

*Approximate

To arrange an inspection please contact Mark Tettis on 0433 139 892 or Rino Pancione on 0417 822 987.

RLA 231 015

Property History for 228-230 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$13,200,000
27 Jun 2016
Listed for Rent
$1.74k/w
05 Jan 2024
  • 02 Jul 2024
    Listed for Rent - Price not available
  • 20 Jul 2023
    Listed for Rent - Price not available
  • 07 Nov 2019
    Listed for Rent - Price not available
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.

Adelaide has 18,696 properties. Over the last 5 years, Houses in Adelaide have seen a 44.25% increase in median value, while Units have seen a 37.95% increase. As at 31 December 2025:

  • The median value for Houses in Adelaide is $1,194,887 while the median value for Units is $586,935.
  • Houses have a median rent of $630 while Units have a median rent of $615.
There are currently 142 properties listed for sale, and 93 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1261 properties were sold in the past 12 months in Adelaide.

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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.