227-229 Rundle Street, Adelaide, SA 5000 | Commercial for sale | OnTheHouse
 
FOR SALE
Contact Agent

227-229 Rundle Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 501m2
Land area: 282m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

227 SOLD, 229 Still Available | Prime Rundle Street Mixed-Use Investments

LJ Hooker Commercial Adelaide are proud to present to the market for sale 227 & 229 Rundle Street, Adelaide. A rare opportunity to secure two adjoining properties in one of Adelaide's most tightly held retail and lifestyle precincts.
Offered for sale via auction to be held in succession, is your chance to secure one or both of these prominently positioned mixed-use assets provide a compelling blend of secure income, value-add potential and long-term capital growth.
These irreplaceable properties are offered to the market for sale, presenting an outstanding chance to acquire one or both of these highly sought-after assets along one of South Australia's most iconic high streets.
Each property features commercial accommodation at ground level fronting Rundle Street, complemented by residential tenancies to the upper floors, delivering diversified income streams within a proven CBD location. Both properties have undergone a comprehensive restoration and redevelopment designed by Studio Nine Architects, resulting in a high-quality mixed-use outcome that sensitively integrates heritage character with contemporary functionality.
Key highlights include:
Prime Rundle Street frontage with exceptional pedestrian exposure
One commercial vacancy offering immediate upside and leasing flexibility
Established residential tenancies providing supplementary holding income
Blue-chip Adelaide CBD location surrounded by retail, hospitality and lifestyle amenity
Opportunity to acquire individually or collectively via successive auctions
See More

Property Details for 227-229 Rundle St, Adelaide

Building Type
Commercial
Floor Size
501m2
Land Size
282m2
Commute Calculator

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 18,829 properties. Over the last 5 years, Houses in Adelaide have seen a 47.46% increase in median value, while Units have seen a 49.35% increase. As at 30 April 2026:

  • The median value for Houses in Adelaide is $1,267,157 while the median value for Units is $605,534.
  • Houses have a median rent of $665 while Units have a median rent of $620.
There are currently 149 properties listed for sale, and 87 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1265 properties were sold in the past 12 months in Adelaide.

Adelaide Profile Page

Suburb Insights for Adelaide 5000

Visit Adelaide profile page
Market Insights
Adelaide Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Adelaide Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Adelaide profile page
Contact agent
agent headshot
Mario Bonomi
Show contact details
Call agent
agent headshot
Mark Tettis
Show contact details
Call agent
LJ Hooker Commercial Adelaide
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED