18-20 Grenfell StreetAdelaide SA 5000
Property Details for 18-20 Grenfell St, Adelaide
Last Listing description (October 2023)
JLL is pleased to present 18-20 Grenfell Street, Adelaide for sale by Expression of Interest. Situated in the core of the Adelaide Central Business District on arguably one of the best addresses in the city.
This stunning seven level heritage office offers a unique opportunity to own a piece of Adelaide's history. The building incorporates commercial tenancies on ground, lower ground up to level five and a residential apartment on level six.
Situated just metres from Rundle Mall and core business the building has access to extensive public transport including nearby bus, tram and the Adelaide Central Train Station just 500m away.
With an occupancy of circa 50%* the current tenancy mix includes corporate and educational tenants with significant rental upside. Endless value add options including immediate leasing potential, refurbishment of existing accommodation or conversion to alternate use (subject to approval)
Occupying a prime position in the centre of business activity the property will appeal to owner occupiers or investors seeking to capitalise on the benefits of this core location.
Unique 7-level office in excellent CBD location
1,487sqm* NLA with 50%* occupancy
Fully leased net income of $264,000pa*
Endless value add potential
4.0 Star NABERS Energy Rating
Expression of Interest closing at 4pm (ACST) on Thursday 22 June 2023
*approximately
Property History for 18-20 Grenfell St, Adelaide, SA 5000
- 02 Apr 2026Sold for $1,075,000
- 26 May 2023Listed for Sale Contact Agent
- 04 Nov 2022Listed for Rent - Price not available
Recent sales nearby
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0About 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 18,786 properties. Over the last 5 years, Houses in Adelaide have seen a 43.98% increase in median value, while Units have seen a 37.56% increase. As at 31 March 2026:
- The median value for Houses in Adelaide is $1,210,028 while the median value for Units is $585,713.
- Houses have a median rent of $670 while Units have a median rent of $620.
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