227 Rundle Street

Adelaide SA 5000

Each property features commercial accommodation at ground level fronting Rundle Street, complemented by residential tenancies to the upper floors, delivering diversified income streams within a proven CBD location. Both properties have undergone a comprehensive restoration and redevelopment designed by Studio Nine Architects, resulting in a high-quality mixed-use outcome that sensitively integrates heritage character with contemporary functionality.

Key highlights include:

Prime Rundle Street frontage with exceptional pedestrian exposure
One commercial vacancy offering immediate upside and leasing flexibility
Established residential tenancies providing supplementary holding income
Blue-chip Adelaide CBD location surrounded by retail, hospitality and lifestyle amenity
Opportunity to acquire individually or collectively via successive auctions
This is a standout opportunity for investors, owner-occupiers or value-add buyers seeking a foothold in one of Adelaide's premier city streets.
Valuable dual-frontage and high foot-traffic exposure

227 Rundle Street, Adelaide - SOLD
Secure ground floor lease to national fashion brand AJE through to 2030 generating a gross income of $170,818.08 per annum with fixed 4% increase due 1 June 2026
Upper 2 bedroom 1 bathroom residential tenancy generating $650 per week income
Estimated net income $182,394.25 per annum

229 Rundle Street, Adelaide - Still Available
Prime retail ground floor tenancy which is ready for immediate occupation.
Upper 4 bedroom 2 bathroom residential tenancy generating $1,100 per week income
Estimated Imputed net income $189,168.74 per annum

Please enquire for development concept plans across the two properties.

For further details or to arrange an inspection, please contact the exclusive selling agents:
Mario Bonomi 0412 080 993
Mark Tettis 0433 139 892

*Approximate

** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015