The property, located between South Terrace and Gilles St is being offered with a 5 + 5 year lease at a passing rental of $78,850 per annum plus outgoings and GST ($64750 pa for premises and $14100 pa for carparks) or the owners will relocate for an owner occupier.
The property has been owner occupied by the owners since 2006. The current occupiers are keen to remain in occupation under the terms of the lease, or if sold to an owner occupier, they will vacate the property. If sold fully leased, the settlement will be 30 days or if sold with vacant possession, the vendors will require a 90 day settlement.
The 5 carparks are located in the car park complex directly behind 456 Pulteney Street at 12 Cromwell Street and comprises one strata unit (Unit 11 in SP 11194). These are being sold with the property.
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 18,712 properties. Over the last 5 years, Houses in Adelaide have seen a 49.03% increase in median value, while Units have seen a 34.05% increase. As at 31 January 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.