4/16 Main RoadBelair SA 5052
Property Details for 4/16 Main Rd, Belair
Last Listing description (July 2026)
A fully leased neighbourhood commercial investment underpinned by essential service tenants and a diversified income profile.
Strategically positioned on the high-exposure corner of Main Road and Elliot Avenue, the property benefits from approximately 17,700 vehicles per day, providing strong visibility to one of the Adelaide Hills' primary commuter corridors. Located just 8.1 kilometres from the Adelaide CBD, the asset is supported by an established and growing residential catchment.
The property comprises a well-maintained commercial complex of approximately 561 square metres of net lettable area, set on a substantial 1,760 square metre allotment. Improvements include a solid brick building with a functional layout, complemented by a 2011 extension to the medical tenancy. The site offers up to 18 on-site car parks, plus access and loading provisions, supporting tenant usability and customer convenience.
The investment is fully leased across five tenancies to four established operators, including Belair Medical and Belair Dental, both of which represent highly resilient healthcare covenants. These are complemented by café, catering and takeaway food operators, creating a balanced tenancy mix that services both daytime and evening demand.
The property generates a net passing income of approximately $115,691 per annum, with outgoings largely recoverable. The weighted average lease expiry is approximately 1.6 years, with all tenants holding renewal options. Notably, Belair Dental holds two consecutive five-year options extending potential tenure through to 2038, providing long-term income security.
Importantly, several tenancies are assessed below prevailing market rental levels, with market reviews at option renewal providing a clearly identifiable pathway to rental growth without the need for capital investment.
Zoned Suburban Activity Centre under the Planning and Design Code, the property supports a wide range of commercial, retail, hospitality and community uses, providing both flexibility and long-term relevance within the local centre hierarchy.
Investment highlights:
• Fully leased commercial asset anchored by medical and dental tenants
• Diversified income stream across four established tenants
• Net passing income of approximately $115,691 per annum
• Approx. 561sqm NLA on a 1,760sqm site
• High-profile corner position with strong daily traffic exposure
• Up to 18 on-site car parks plus access and loading
• WALE of approximately 1.6 years with options across all tenancies
• Long-term lease potential to 2038 (Belair Dental)
• Identified rental reversion through market reviews
• Suburban Activity Centre zoning allowing broad use flexibility
• Established Hills location, 8.1km from Adelaide CBD
All information provided has been obtained from sources believed to be accurate, and all reasonable efforts have been made to ensure the accuracy of the information provided. Munro Property Group does not guarantee the accuracy of the information and accepts no liability for any errors or omissions (including, but not limited to, a property's land size, floor plans and size, building age and condition) whatsoever. RLA 150778
Property History for 4/16 Main Rd, Belair, SA 5052
- 30 Apr 2026Listed for Sale Under Offer
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About Belair 5052
The size of Belair is approximately 14.9 square kilometres. There are 15 parks, covering nearly 66.5% of the total area. The population of Belair in 2016 was 4411 people. By 2021 the population was 4718 showing a population growth of 7.0% in the area during that time. The predominant age group in Belair is 50-59 years. Households in Belair are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belair work in a professional occupation.In 2021, 84.30% of the homes in Belair were owner-occupied compared with 83.40% in 2016.
Belair has 1,762 properties. Over the last 5 years, Houses in Belair have seen a 71.05% increase in median value, while Units have seen a 80.47% increase. As at 30 June 2026:
- The median value for Houses in Belair is $1,371,725 while the median value for Units is $696,764.
- Houses have a median rent of $920.
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