115 Melbourne StreetNorth Adelaide SA 5006
Property Details for 115 Melbourne St, North Adelaide
Last Listing description (July 2022)
Solid Investment at 115-117 Melbourne Street North Adelaide is now on the market for your offer. Within City High Street Policy Zone, the property has future development potential. Total annual rental income is around $81,000 plus GST plus outgoings (*see Note).
Shop 1: 115 Melbourne Street - Tenant: KHAYYAM Restaurant
KHAYYAM Restaurant is a Pakistani & Indian Cuisine.
Shop 2: 117 Melbourne Street - Tenant: UR Caf
UR Caf is a famous Caf operated since 2011 with many magazines' recommendations.
Lease until 23 March 2025 plus 5 years extension option.
Note: Shop 2 outgoings are paid by the landlord.
General Info:
Certificate of Title: CT 6106/714
Council: Adelaide City Council
Zone Policy: City High Street
Land Size: 334 Square Meters (approximately)
Building Size: 244 Square Meters (approximately)
Contact Richard 0433 519 023 for further information.
Property History for 115 Melbourne St, North Adelaide, SA 5006
- 17 Jan 2022Listed for Sale Expression of Interest
- 18 Sep 2015Sold for $1,420,000
- 19 May 2015Listed for Sale Not Disclosed
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About North Adelaide 5006
The size of North Adelaide is approximately 5.1 square kilometres. There are 40 parks, covering nearly 57.8% of the total area. The population of North Adelaide in 2016 was 6950 people. By 2021 the population was 6823 showing a population decline of 1.8% in the area during that time. The predominant age group in North Adelaide is 20-29 years. Households in North Adelaide are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Adelaide work in a professional occupation.In 2021, 50.60% of the homes in North Adelaide were owner-occupied compared with 48.80% in 2016.
North Adelaide has 4,891 properties. Over the last 5 years, Houses in North Adelaide have seen a 60.44% increase in median value, while Units have seen a 92.65% increase. As at 30 April 2026:
- The median value for Houses in North Adelaide is $1,701,238 while the median value for Units is $914,050.
- Houses have a median rent of $725 while Units have a median rent of $590.
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