2A Meredith Street, Newton, SA 5074 | Commercial for sale | OnTheHouse
 
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2A Meredith Street
Newton SA 5074

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 936m2
Land area: 1418m2
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Auction Time
Fri 5 Dec 2:00 pm
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Fully Leased Tenanted Investment Opportunity in Newton with Versatile Returns

UPCOMING INSPECTIONS:
• Friday 5th of December: 1:30pm - 2:00pm
Set on a substantial 1,418sqm (approx.) allotment with a combined internal area of 936sqm (approx.), this multi-tenanted commercial property offers a rare and versatile opportunity for investors, developers, or owner-occupiers alike (subject to council approvals).
Comprising three separate buildings, the site is currently leased to three tenants, providing an immediate income stream. Further lease and rental information will be made available upon request.
KEY FEATURES:
Suites 1-5 at 2A Meredith Street offer a substantial multi-tenancy commercial holding leased to Bright Engineering Pty Ltd. Spanning a consolidated floor area and configured for practical operational use, the tenancy benefits from strong lease security with a five-year term commencing 1 March 2025 and expiring 28 February 2030. The current rental is $53,550 per annum plus outgoings of $4,462.50 per month (excluding GST). Annual reviews are conducted in line with CPI, and the lease includes two further options of five years, providing long-term income consistency and flexibility for both landlord and tenant.
Shed B is occupied by LH Plumbing Pty Ltd, a long-standing business within the property, having commenced their lease on 1 August 2015. Their current fixed-term lease runs through to 28 February 2030, underpinned by annual CPI reviews. The tenancy returns $39,729 per annum plus outgoings of $3,310.75 per month (excluding GST). With three additional five-year renewal options, this tenancy offers substantial future stability and a reliable income profile.
Shed A is leased to Morris Electrical Pty Ltd under a two-year fixed-term lease commencing 1 August 2015, with the current term expiring 28 February 2027. The tenancy provides an annual rental of $29,520 plus outgoings of $2,460 per month (excluding GST), with annual CPI reviews ensuring consistent value growth. Two further two-year renewal options reinforce ongoing occupancy potential.
2A Meredith Street is a versatile commercial property positioned within a well-established industrial precinct, offering a diverse income stream from three dependable, long-term tenants across workshop, engineering and trade-based uses. The property structure allows for functional access, practical circulation and a layout that supports a range of commercial and light-industrial operations.
Communal parking allotment with space for all tenancies to share as well as additional on street parking.
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Property Details for 2a Meredith St, Newton

Building Type
Commercial
Floor Size
936m2
Land Size
1418m2
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About Newton 5074

The size of Newton is approximately 2.2 square kilometres. It has 13 parks covering nearly 6.6% of total area. The population of Newton in 2016 was 4787 people. By 2021 the population was 5117 showing a population growth of 6.9% in the area during that time. The predominant age group in Newton is 20-29 years. Households in Newton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newton work in a professional occupation.In 2021, 71.20% of the homes in Newton were owner-occupied compared with 70.60% in 2016.

Newton has 2,699 properties. Over the last 5 years, Houses in Newton have seen a 85.18% increase in median value, while Units have seen a 85.78% increase. As at 31 October 2025:

  • The median value for Houses in Newton is $988,187 while the median value for Units is $627,237.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 6 properties listed for sale, and 5 properties listed for rent in Newton on OnTheHouse. According to Cotality's data, 87 properties were sold in the past 12 months in Newton.

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