92/1 George Street, Parkside, SA 5063 | Commercial for sale | OnTheHouse
FOR SALE
$650,000

92/1 George Street
Parkside SA 5063

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 39m2
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Prime City-Fringe Commercial Investment

Price guide $650,000
Presenting an exceptional retail commercial shop with a secure lease in place until February 2031, located in a premium city-fringe position just 1km from the Adelaide CBD.
Positioned beneath One of the Park Apartments with prominent street frontage and outstanding exposure, this is the only commercial tenancy in the complex - a rare opportunity for investors seeking a high-visibility, low-maintenance asset.
Investment Highlights:
- 5-year lease through to February 2031
- Annual fixed rent increases of 4%
- Stamp duty free investment (no stamp duty payable on commercial property in South Australia)
- Net income: $32,240 p.a.* + GST
- Approx. 39 sqm* of internal space with access to two communal alfresco seating areas (20 sqm)*
- Modern café fit-out with grease trap and essential kitchen infrastructure
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Property Details for 92/1 George St, Parkside

Building Type
Commercial
Floor Size
39m2
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About Parkside 5063

The size of Parkside is approximately 1.4 square kilometres. There are 7 parks, covering nearly 2.3% of the total area. The population of Parkside in 2016 was 4791 people. By 2021 the population was 5126 showing a population growth of 7.0% in the area during that time. The predominant age group in Parkside is 30-39 years. Households in Parkside are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkside work in a professional occupation.In 2021, 58.90% of the homes in Parkside were owner-occupied compared with 59.60% in 2016.

Parkside has 2,724 properties. Over the last 5 years, Houses in Parkside have seen a 62.55% increase in median value, while Units have seen a 78.59% increase. As at 30 June 2026:

  • The median value for Houses in Parkside is $1,757,801 while the median value for Units is $846,715.
  • Houses have a median rent of $800 while Units have a median rent of $600.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Parkside on OnTheHouse. According to Cotality's data, 131 properties were sold in the past 12 months in Parkside.

Suburb Insights for Parkside 5063

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Marco Lai
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Sumit Khatri
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Ray White Adelaide City
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Cotality Copyright and Legal Disclaimers about Property Data
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.