172 Payneham RoadEvandale SA 5069
Property Details for 172 Payneham Rd, Evandale
Last Listing description (September 2025)
Raine & Horne Commercial are pleased to present an exceptional investment opportunity with this historic landmark property; a beautifully preserved character church converted into a vibrant retail space. Situated on approximately 702 sqm of land with around 405 sqm of building area, this unique property offers both charm and commercial appeal. The property features two reliable income streams: the Adelaide Bridal Emporium leasing the main building until January 2029, and a long-term lease with Vodafone for the tower atop the property extending to 2040.
Historic landmark with character-rich architecture, ideal for retail or hospitality usage
Approx. 702 sqm land parcel with 405 sqm of versatile building space
Prime location with significant historical and commercial appeal for future growth
Carpark at rear
If you would like further information or to view the property, please contact the agents to arrange an inspection.
Michael Kourbelis 0452 239 633
Simon Winter 0419 828 689
RLA 283100
Property History for 172 Payneham Rd, Evandale, SA 5069
- 18 Sep 2025Sold for $1,800,000
- 07 May 2025Listed for Sale In excess of $1,800,000
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About Evandale 5069
The size of Evandale is approximately 0.4 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Evandale in 2016 was 1370 people. By 2021 the population was 1378 showing a population growth of 0.6% in the area during that time. The predominant age group in Evandale is 20-29 years. Households in Evandale are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Evandale work in a professional occupation.In 2021, 64.10% of the homes in Evandale were owner-occupied compared with 62.90% in 2016.
Evandale has 665 properties. Over the last 5 years, Houses in Evandale have seen a 75.60% increase in median value, while Units have seen a 74.50% increase. As at 30 November 2025:
- The median value for Houses in Evandale is $1,550,064 while the median value for Units is $678,933.
- Houses have a median rent of $665 while Units have a median rent of $550.
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