GROUND FLOOR/186 Franklin Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
 
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GROUND FLOOR/186 Franklin Street
Adelaide SA 5000

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Property Details for Ground Floor/186 Franklin St, Adelaide

Building Type
Commercial
Year Built
2018
Local Government
Adelaide
Lot/Plan
F21/C41633

Last Listing description (October 2023)

CBD Investment with over 6% Return

- Fully leased to 3 tenants - IGA Supermarket, Migration Agency and Restaurant
- Long term lease with a W.A.L.E (by income) of 7.3 years
- Total passing net income of $277,343 per annum*

- Ideal for investors who are looking for a set and forget investment
- No Stamp Duty or GST payable
- Total lettable area of 1,031.8 sqm*
- Situated within the West Franklin Apartments
- 5 on-site car parks
- Close proximity to Central Market, Chinatown, UniSA West Campus and much more

For Sale by Private Treaty with an asking price of $4,500,000 (Over 6% return).

For further details or to arrange an inspection of 186 Franklin Street, Adelaide please contact Yee Ng or Tim Pozza of McGees Property (RLA 1722).

(* approx)

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Property History for Ground Floor/186 Franklin St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Transferred
$4,800,000
30 Jun 2025
  • 22 Sep 2023
    Listed for Sale $4,500,000 (Over 6% Return)
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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 18,503 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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