4/113 Gouger Street, Adelaide, SA 5000 | Commercial for sale | OnTheHouse
 
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4/113 Gouger Street
Adelaide SA 5000

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Bathrooms: -
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Floor area: 460m2
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Prime Gouger Street Investment | Dual Income Stream

Comprising a Strata Titled two-storey building, the property features a large beautifully renovated restaurant of approximately 295 sqm on the ground floor, with the added benefit of valuable rear access to Thomas Lane. The first floor comprises a well-presented showroom/office of approximately 165 sqm.
Tenancy Details:
• HIBIKI YAKINIKU JAPANESE BBQ Lease commenced: 1 June 2018 Term: 4 years + 5 years + 5 years Annual rent reviews: CPI + 1.0%
• CK JEWELLERY AND WATCHES Lease commenced: 1 April 2019 Term: 1 year + 3 years + 5 years Annual rent reviews: CPI
The property generates a combined estimated net income of $90,000 per annum plus GST.
Positioned within Adelaide's premier dining and retail precinct, Gouger Street continues to experience strong demand and long-term growth, supported by the ongoing success of the Adelaide Central Market and the forthcoming Market Square redevelopment, which will deliver high-rise apartments, commercial offices, and quality retail accommodation. These significant developments are expected to further enhance the precinct's appeal and underpin the long-term investment prospects of 4/113 Gouger Street, Adelaide.
If you would like any further information or to view the property, please contact the agents to arrange an inspection.
Michael Kourbelis 0452 239 633
David Burford 0447 200 732
* All areas/dimensions approximate.
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Property Details for 4/113 Gouger St, Adelaide

Building Type
Commercial
Floor Size
460m2
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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 18,848 properties. Over the last 5 years, Houses in Adelaide have seen a 33.06% increase in median value, while Units have seen a 47.09% increase. As at 31 July 2026:

  • The median value for Houses in Adelaide is $1,219,352 while the median value for Units is $625,850.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 177 properties listed for sale, and 80 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1305 properties were sold in the past 12 months in Adelaide.

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Michael Kourbelis
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David Burford
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Raine & Horne Business Sales
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