90 Carrington StreetAdelaide SA 5000
Property Details for 90 Carrington St, Adelaide
Last Listing description (May 2018)
This outstanding property incorporates a long term ground level Hotel lease together with upper level office accommodation. Located in a fast developing precinct of the eastern CBD, this well presented corner building provides an excellent long term investment to an astute purchaser.
The ground floor is a well-established Hotel and has a well-known operator as its Lessee. The current operator has refurbished the Hotel substantially recently and it provides modern facilities that are required for today's hospitality requirements.
The first floor is currently occupied by the Vendor on a monthly tenancy. It provides over approximately 200 square metres of modern offices with a separate entrance from Carrington Street. This area will be vacated at settlement.
- Hotel lease expires 2057, current rental $175,000* p.a. plus GST.
- First floor offices, monthly tenancy current rental $40,000* p.a. plus GST.
- Excellent Hotel operation, all facilities on offer.
- 20 Gaming Machine entitlements.
- Upstairs offices offer modern facilities.
- 9 offices, boardroom, kitchen and bathroom facilities.
- Upstairs offered with vacant possession on or before settlement.
For further details and to arrange an inspection please contact:
Rory Butterworth 0418 822 265
Grant Clarke 0414 806 130
(*approx).
Property History for 90 Carrington St, Adelaide, SA 5000
- 29 Jan 2018Listed for Sale Contact Agents
Recent sales nearby
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0About 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 18,810 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:
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- Houses have a median rent of $670 while Units have a median rent of $620.
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