230-234 Franklin Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
 
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230-234 Franklin Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1578m2
Land area: 1161m2
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Property Details for 230-234 Franklin St, Adelaide

Building Type
Commercial
Floor Size
1578m2
Land Size
1161m2
Local Government
Adelaide
Lot/Plan
A14/F103142

Last Listing description (January 2015)

UNDER CONTRACT - CBD DEVELOPMENT SITE WITH SUBSTANTIAL HOLDING INCOME
> Valuable corner position providing maximum flexibility for future development.
> 1,161 square metre site area with Franklin Street frontage of 18.1 metres and Shannon Place frontage of 66.4 metres.

> Huge potential due to Capital City zoning which encourages high density development over 15-16 levels.
> Desired future uses include residential and serviced apartments, hotel, office and retail.
> Adaptable existing office/warehouse style improvements of 1,578 square metres.
> Fully leased to three (3) tenants generating a substantial holding income.
> A perfect land banking opportunity for the astute developer.
For Sale at $3.15 million (exclusive of GST)

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Property History for 230-234 Franklin St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$5,800,000
01 May 2023
Listed for Rent
$1.92k/w
02 Jul 2010
  • 01 May 2023
    Sold for $5,800,000
  • 29 Jan 2015
    Sold for $2,950,000
  • 19 Jul 2014
    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 18,504 properties. Over the last 5 years, Houses in Adelaide have seen a 44.25% increase in median value, while Units have seen a 37.95% increase. As at 31 December 2025:

  • The median value for Houses in Adelaide is $1,194,887 while the median value for Units is $586,935.
  • Houses have a median rent of $630 while Units have a median rent of $615.
There are currently 139 properties listed for sale, and 97 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1248 properties were sold in the past 12 months in Adelaide.

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