462-470 Morphett StreetAdelaide SA 5000
Property Details for 462-470 Morphett St, Adelaide
Last Listing description (August 2024)
Mastracorp is proud to offer this outstanding development site opportunity with three points of access only possible from the dual street frontages, Morphett Steet and Hamilton Place, as well as a free and unrestricted right of way over the adjacent land to Reeves Street. Zoned as Capital City within the fast developing south-western quadrant of the city, the development options boosted by its accessibility is a versatile and exciting proposition. (S.T.P.C.)
Current improvements and set up include a retail/office building of some 208sqm* and small storage shed with onsite car parking at the rear accessed from Hamiliton Place. A prime location enjoyed by its current occupier Klempa Office Machines for over 30 years, the property can continue to provide a great source of holding income whilst you fine-tune and submit your development plans unlocking the lands full potential.
Features of the property to note:
- 376sqm corner allotment
- Dual Frontage on Morphett Street and Hamilton Place
- Right of Way over the adjacent property giving access to Reeves Street
- Capital City Zone within the Adelaide City Council
- Office/ Retail of 208sqm + Small Storage Shed
- Rear Carparking accessed from Hamilton Place
- Sold as Vacant Possession
The zone is described by Plan SA to have the desired outcomes:
1. A zone that is the economic and cultural focus of the state supporting a range of residential, employment, community, educational, innovation, recreational, tourism and entertainment facilities generating opportunities for population and employment growth.
2. High intensity and large- scale development with high street walls reinforcing the distinctive grid pattern layout of the city with active non-residential ground level uses to positively contribute to public safety, inclusivity, and vibrancy. Design quality of buildings and public spaces is a priority in this zone.
Refer to the Plan SA zoning extract in our full Information Memorandum- enquire today
Property Code: 2345
Property History for 462-470 Morphett St, Adelaide, SA 5000
- 09 Mar 2023Listed for Sale In the vicinity of $2M
- 12 Nov 2018Listed for Rent $20,000 / year
- 23 Feb 2017Listed for Rent $21,000 / year
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the 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 18,817 properties. Over the last 5 years, Houses in Adelaide have seen a 43.56% increase in median value, while Units have seen a 46.98% increase. As at 31 May 2026:
- The median value for Houses in Adelaide is $1,255,003 while the median value for Units is $611,850.
- Houses have a median rent of $670 while Units have a median rent of $620.
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