82 Carrington StreetAdelaide SA 5000
Property Details for 82 Carrington St, Adelaide
Last Listing description (June 2021)
CBRE Hotels and McGees Property are pleased to present the freehold going concern of The Saracens Head Hotel in Adelaide's CBD. An outstanding opportunity to get in on the ground floor with this exciting asset class.
Investment highlights include:
- The Saracens comprises ground floor bars and dining, gaming and wagering, function rooms, full commercial kitchen, street alfresco and beer garden/courtyard, plus first floor extensive office accommodation.
- The hotel underwent a complete refurbishment in 2016, to offer modern facilities and layout that cater to all styles from corporate functions to traditional pub tastes.
- Fully functioning gaming room with 20 machines and entitlements (property approved for 25).
- Located on a generous corner site of 750sqm* in the heart of Adelaide.
- Multi-storey developments in close proximity with favourable zoning on the subject site and potential to build 6-7 levels in the future (STCA).
- Total imputed rental of $225,000* per annum plus GST.
- Historical revenues of $50,000* per week.
- Golden opportunity to take advantage of new gaming changes.
- Entry level gaming freehold hotel with no stamp duty payable.
*approx.
Property History for 82 Carrington St, Adelaide, SA 5000
- 24 Sep 2021Sold for $3,850,000
- 03 Mar 2020Listed for Sale For Sale by Immediate Private Treaty
- 01 Jun 2018Sold for $2,800,000
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0About 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 18,504 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.
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