86-87 South Terrace, Adelaide, SA 5000 sold on 16 February 2026 | OnTheHouse
SOLD
Sold on 16 Feb 2026 for $2,500,000

86-87 South Terrace
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 452m2
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Property Details for 86-87 South Tce, Adelaide

Building Type
Commercial
Land Size
452m2
Local Government
Adelaide
Lot/Plan
A9/F100857

Last Listing description (March 2026)

Located on South Terrace in close proximity to Morphett Street, 86-87 South Terrace, Adelaide presents an excellent opportunity to secure affordable office space in a convenient CBD fringe location.

The property comprises of two connected office tenancies of approximately 80 sqm each, which can be leased separately or together.


Each tenancy features 3-4 private offices, a kitchenette, separate bathroom facilities, and reverse-cycle air conditioning throughout.

The tenancies also benefit from one onsite car park each, with additional car parking available upon request.


Key Features:

• Approx 80sqm per tenancy

• 2 connected tenancies available individually or combined

• 3-4 private offices per tenancy

• Kitchenette and separate bathroom facilities

• Reverse-cycle air conditioning throughout

• 1 onsite car park per tenancy included

• Additional car parks available upon request

For further information or to arrange an inspection contact Jonny Benedetti 0404 670 807

Property History for 86-87 South Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$2,500,000
16 Feb 2026
Listed for Rent
$575/w
04 May 2018
  • 13 Mar 2026
    Listed for Rent - Price not available
  • 16 Feb 2026
    Sold for $2,500,000
  • 04 Mar 2018
    Listed for Rent - Price not available
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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 18,807 properties. Over the last 5 years, Houses in Adelaide have seen a 43.98% increase in median value, while Units have seen a 37.56% increase. As at 31 March 2026:

  • The median value for Houses in Adelaide is $1,210,028 while the median value for Units is $585,713.
  • Houses have a median rent of $670 while Units have a median rent of $620.
There are currently 137 properties listed for sale, and 79 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1267 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.