112-114 Gilles Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

112-114 Gilles Street
Adelaide SA 5000

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 262m2
Land area: 460m2
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Property Details for 112-114 Gilles St, Adelaide

Building Type
Commercial
Floor Size
262m2
Land Size
460m2
Local Government
Adelaide
Lot/Plan
A342/F181994

Last Listing description (August 2022)

Explore the options, where home and work can fuse seamlessly for an exciting edgy inner-city lifestyle. This unique offering on attractive Gilles Street has existing spacious solid structures within one km of Victoria Square. Invest in a future dream or aspirational project. These two unique residential/commercial warehouse style properties are set on a desirable corner location. Currently leased, there is plenty of time to create plans and concepts. A generous corner allotment with total building and site area 460 sqm (approx.), including off street car park spaces and large south-facing existing windows with ample natural light. Two street frontages, two separate titles, which (subject to approvals) have huge inspirational development or alteration options with existing commercial rights in place.

Features Include:

- high ceilings

- potential for walled garden areas
- external walls can be a shell for imaginative building design
- existing office area to both properties
- reverse cycle & evaporative air conditioning
- 3 phase power to one property
- potential further land division
- multiple dwelling potential
- potential views from a future upper story
- current separate tenancies in place until March 2024, leased at combined total $67,600+
GST per annum. plus outgoings
- generous corner allotment with building and total site area 460sqm (approx)
- off-street car parking
- ample interior natural light

All concept sketches are approximate and subject to authority approval

Covid Update:
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Property History for 112-114 Gilles St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$2,100,000
28 Oct 2022
Listed for Rent
$498/w
28 Feb 2014
  • 28 Oct 2022
    Sold for $2,100,000
  • 15 Dec 2021
    Listed for Sale Contact Agent
  • 28 Feb 2014
    Listed for Rent - Price not available
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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 18,812 properties. Over the last 5 years, Houses in Adelaide have seen a 43.56% increase in median value, while Units have seen a 46.98% increase. As at 31 May 2026:

  • The median value for Houses in Adelaide is $1,255,003 while the median value for Units is $611,850.
  • Houses have a median rent of $670 while Units have a median rent of $620.
There are currently 167 properties listed for sale, and 87 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1260 properties were sold in the past 12 months in Adelaide.

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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.