KENNETH AVE ., Underdale, SA 5032 | Commercial for sale | OnTheHouse
FOR SALE
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Kenneth Ave .
Underdale SA 5032

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 421m2
Land area: 858m2
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Inner-West Industrial Holding with Flexible Occupation Opportunities

Positioned within one of Adelaide’s tightly held inner-west industrial precincts, this versatile commercial property presents an exceptional opportunity for owner-occupiers, investors and business operators seeking a well-located asset with flexibility rarely available in today's market.
Set on a substantial 858sqm* allotment, the property comprises 421sqm* of adaptable workshop and warehouse improvements, offering scope for a wide range of industrial, storage, trade, logistics and business uses. Its strategic Underdale location places you just minutes from the Adelaide CBD, Adelaide Airport and key arterial transport corridors.
Currently configured as two separate tenancies, the property generates a combined rental income of $90,000p.a. + GST & Recoverable Outgoings. Importantly, discussions with the current tenants to accommodate the use requirements of the purchaser who may explore occupation opportunities through discussions with the current tenants following successful sale negotiations.
Key Highlights:
- Land Area: 858sqm*
- Building Area: 421sqm*
- Flexible workshop and warehouse accommodation
- Suitable for owner-occupiers, investors and business operators
- Potential for partial or full occupation (subject to negotiation)
- Highly accessible inner-west location
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Property Details for Kenneth Ave ., Underdale

Building Type
Commercial
Floor Size
421m2
Land Size
858m2
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About Underdale 5032

The size of Underdale is approximately 1.0 square kilometres. There are 7 parks, covering nearly 5.4% of the total area. The population of Underdale in 2016 was 2299 people. By 2021 the population was 2429 showing a population growth of 5.6% in the area during that time. The predominant age group in Underdale is 30-39 years. Households in Underdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underdale work in a professional occupation.In 2021, 59.10% of the homes in Underdale were owner-occupied compared with 57.00% in 2016.

Underdale has 1,268 properties. Over the last 5 years, Houses in Underdale have seen a 58.50% increase in median value, while Units have seen a 81.52% increase. As at 30 September 2026:

  • The median value for Houses in Underdale is $1,260,534 while the median value for Units is $612,642.
  • Houses have a median rent of $620 while Units have a median rent of $530.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Underdale on OnTheHouse. According to Cotality's data, 59 properties were sold in the past 12 months in Underdale.

Suburb Insights for Underdale 5032

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Nick Mastrangelo
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Mastracorp Real Estate
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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.