254-258 Franklin StreetAdelaide SA 5000
Property Details for 254-258 Franklin St, Adelaide
254-258 Franklin St, Adelaide is a 0 bedroom, 0 bathroom Unit. The property has a land size of 765m2 and floor size of 1m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Last Listing description (September 2023)
A multi-tenanted mixed use investment in Adelaide's fast growing and highly sought western CBD precinct.
Key highlights include:
1,335 sqm (approx.) site with dual street frontages
Flexible parcelling options
Valuable holding income from multiple tenants (With early termination clauses)
Prized corner site
Favourable Capital City Zoning (53 Metres)
Former DA approval for 16-level residential building with retail, car parking and 111 apartments
3 Certificates of Title
Opportunity to reposition or redevelop
Premium Western CBD location in close proximity to the bustling Central Market, cosmopolitan Chinatown, UniSA City West campus, and medical precinct on North Terrace.
The improvements comprise three Character Bluestone cottages and adjoining rear bitumised carpark currently under lease to a commercial car parking operator. The improvements are devoid of any heritage attachments.
254-260 Franklin Street, Adelaide presents interested parties with an outstanding and rare chance to acquire a prime corner future development site in one of Adelaide's most highly sought and fastest developing CBD precincts.
Contact David Buenfeld or Alan Lim for further enquiry.
*Approx
*Subject to necessary consents
RLA 287133
Property History for 254-258 Franklin St, Adelaide, SA 5000
- 12 Jan 2024Sold for $2,750,000
- 27 Jan 2022Listed for Sale Contact Agent
- 08 Dec 2020Listed for Sale Contact Agent
Recent sales nearby
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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 18,786 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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