5/191 Melbourne StreetNorth Adelaide SA 5006
Property Details for 5/191 Melbourne St, North Adelaide
Last Listing description (November 2023)
Located along the hustle and bustle of the ever tightly held Melbourne Street, this ideally located fully leased office suite is the perfect entry investment. The suite also includes three undercover carparks and surrounded by local amenities including local cafes, shops, and restaurants and a mere 1.5km from the Adelaide CBD. Securely leased to Agrifac on a brand-new three-year term with further options, you can invest with confidence knowing this suite will always hold underlying value
Key highlights include;
Net return of $36,525* per annum with fixed 3.5% increases
Neat and tidy office fit out of 107sqm*
Recent upgrades to the building now complete including toilet amenities
Three valuable undercover car parks included
This property is For Sale via Expressions of Interest closing on Thursday the 21st of September 2023 at 4:00pm
Please contact the sole marketing agents with any other questions:
Rhyce Scott: +61 422 960 585
Ned Looker: +61 448 689 573
*Approximately
Property History for 5/191 Melbourne St, North Adelaide, SA 5006
- 14 Nov 2025Sold for $540,600
- 17 Nov 2023Sold for $533,000
- 28 Aug 2023Listed for Sale Contact Agent
Recent sales nearby
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About North Adelaide 5006
The size of North Adelaide is approximately 5.1 square kilometres. It has 40 parks covering nearly 57.8% of 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 4,886 properties. Over the last 5 years, Houses in North Adelaide have seen a 62.33% increase in median value, while Units have seen a 66.54% increase. As at 31 January 2026:
- The median value for Houses in North Adelaide is $1,675,481 while the median value for Units is $830,209.
- Houses have a median rent of $700 while Units have a median rent of $550.
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