68-72 Waymouth Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

68-72 Waymouth Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 705m2
Land area: 547m2
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Property Details for 68-72 Waymouth St, Adelaide

Building Type
Commercial
Floor Size
705m2
Land Size
547m2
Local Government
Adelaide
Lot/Plan
A6/D15460

Last Listing description (November 2023)

This iconic CBD hotel, the tenanted investment of the Union Hotel, 70 Waymouth Street, Adelaide, is being offered for sale by Private Treaty.

Probably the best presented hotel in the Adelaide CBD, the Union Hotel has an outstanding reputation for quality food, gaming and beverage offerings.

Major features include:

- 30 year lease in place (10+5+5+5+5) commenced 7 February 2022
- Modern upgraded refurbishment throughout
- 15 Gaming entitlements
- Site area of 476 sqm*
- Commencing rental $225,000 p.a. plus GST and outgoings (except Land Tax)
- Zoned Capital City
- Tightly held Waymouth Street precinct

For sale with an asking price of $4,550,000.

Rarely do hotel investments of this quality come to the market. We highly recommend this outstanding investment.

For further details regarding the tenanted investment of the Union Hotel, 70 Waymouth Street, Adelaide, contact Grant Clarke of McGees Property (RLA 1722).

(* approx)

Property History for 68-72 Waymouth St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$4,100,000
08 Dec 2023
  • 08 Dec 2023
    Sold for $4,100,000
  • 05 Sep 2022
    Listed for Sale For Sale
  • 08 Dec 2020
    Listed for Sale Union Hotel Leasehold & Business
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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 18,502 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 138 properties listed for sale, and 96 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1244 properties were sold in the past 12 months in Adelaide.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.