229 Rundle Street, Adelaide, SA 5000 | Commercial for sale | OnTheHouse
 
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229 Rundle Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 236m2
Land area: 141m2
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East End Excellence, A Rare Rundle Street Offering

LJ Hooker Commercial Adelaide in conjunction with RWC Adelaide, is pleased to present 229 Rundle Street, Adelaide to the market.
Occupying a prominent position along Adelaide's premier high street, this mixed-use asset represents a rare opportunity to secure a foothold in one of the CBD's most vibrant and tightly held retail precincts.
The ground floor comprises an attractive retail tenancy offering significant appeal to quality commercial occupiers, while the first floor residential accommodation provides a complementary income stream, delivering a diversified investment within an established CBD location.
Both tenancies have undergone comprehensive restoration and redevelopment, designed by Studio Nine Architects, delivering a high-quality outcome that sensitively blends the property's heritage character with contemporary functionality.
Key Highlights:
? Prime Rundle Street frontage with exceptional pedestrian exposure
? Diversified income from complementary commercial and residential tenancies
? Positioned within Adelaide's premier high-street retail precinct
? Strong tenant appeal from surrounding national brands, established hospitality operators and the East End's nationally recognised events, including the Adelaide Fringe
? Four-bedroom, two-bathroom residential tenancy generating $57,200 per annum
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Property Details for 229 Rundle St, Adelaide

Building Type
Commercial
Floor Size
236m2
Land Size
141m2
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the 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 18,882 properties. Over the last 5 years, Houses in Adelaide have seen a 31.86% increase in median value, while Units have seen a 42.55% increase. As at 30 September 2026:

  • The median value for Houses in Adelaide is $1,206,138 while the median value for Units is $599,980.
  • Houses have a median rent of $675 while Units have a median rent of $625.
There are currently 172 properties listed for sale, and 81 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1052 properties were sold in the past 12 months in Adelaide.

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