121 Grenfell Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
FOR SALE

121 Grenfell Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 744m2
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Property Details for 121 Grenfell St, Adelaide

Building Type
Commercial
Land Size
744m2
Local Government
Adelaide
Lot/Plan
A9/F103205

Last Listing description (October 2023)

CBRE are proud to present 121 Grenfell Street, Adelaide for sale by International Expressions of Interest. Located on Adelaide CBD's major east-west boulevard with dual access along Hyde Street and strong holding income, 121 Grenfell is positioned perfectly to reposition or develop. This character rich building is one of the last untouched buildings in this precinct. Leased to International Company Billabong (GSM Operations Pty Ltd) until August 2025, with no further options, giving purchasers complete flexibility for the future.

Key investment highlights include;

Prime corner allotment with site area of 740sqm*
Character build over three levels totalling 1,795sqm GLA*
21.34m frontage to Grenfell Street and 35.06m to Hyde Street
Rear access providing valuable onsite parking
Leased to International Company GSM Operations Pty Ltd through to August 2025
No further options to extend under lease
Zoned Capital City (no prescribed height limit) in the City of Adelaide

Please contact the sole marketing agents with any other questions:
Rhyce Scott: +61 422 960 585
Harry Einarson: +61 421 747 442
JJ Heng: +61 411 059 116

*Approximately

Property History for 121 Grenfell St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Transferred
13 Jun 2025
  • 13 Jun 2025
    Transferred
  • 27 Oct 2019
    Listed for Sale Not Disclosed
  • 04 Aug 2019
    Listed for Sale Not Disclosed
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of 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 18,498 properties. Over the last 5 years, Houses in Adelaide have seen a 42.19% increase in median value, while Units have seen a 34.49% increase. As at 30 November 2025:

  • The median value for Houses in Adelaide is $1,174,343 while the median value for Units is $580,952.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 128 properties listed for sale, and 98 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1269 properties were sold in the past 12 months in Adelaide.

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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.