73 Grenfell StreetAdelaide SA 5000
Property Details for 73 Grenfell St, Adelaide
Last Listing description (May 2026)
Historic "Bertram House" - Iconic CBD Hospitality Investment OpportunityPROPERTY HIGHLIGHTS Landmark character building in Adelaide CBD Three separate tenancies across three levels Ground Level - Red Bird Caf Basement Level - Chesser Cellars Upper Level - Hymn Bar (Jazz Lounge & Bar) Approx. 244sqm* total lettable area Approx. $123,500* net annual rental income High exposure corner position Flexible future use potential including office, consulting or owner-occupier fit out (STCC) Strong addition to a private or funded portfolio Common & private upgraded toilet facilities Separate street and side accessPositioned within Adelaide's tightly held CBD hospitality precinct, historic "Bertram House" presents a rare opportunity to secure a character-rich commercial asset with diversified income across three individually activated tenancies.Basement Level - Chesser CellarsLease term: December 2024 2027 | Returning $30,000 p.a.Intimate wine bar and function venue with strong boutique hospitality and evening trade appeal.Ground Level - Red Bird CafLease term: April 2025 - 2030 | Returning $66,000 p.a.High-exposure caf tenancy with strong street presence and consistent pedestrian interaction.Upper Level - Hymn Bar (Jazz Lounge & Bar)Lease term: July 2023 - 2028 | Returning $27,000 p.a.Character-filled jazz lounge and entertainment venue with strong function and hospitality appeal.Tightly held. Well positioned. Income secured.Inspection via appointment, contact agent for detailed lease terms
Property History for 73 Grenfell St, Adelaide, SA 5000
- 19 May 2026Listed for Sale Contact Agent
- 11 Apr 2023Listed for Sale Contact Agent
- 29 Jun 2021Listed for Rent - Price not available
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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 18,816 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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