55A-59 O'Connell Street, North Adelaide, SA 5006 | Property Value & History | OnTheHouse
OFF MARKET

55A-59 O'Connell Street
North Adelaide SA 5006

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 407m2
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Property Details for 55a-59 O'Connell St, North Adelaide

Building Type
Commercial
Land Size
407m2
Local Government
Adelaide
Lot/Plan
A2/D12111

Last Listing description (October 2022)

- Prime tenancy of 60 sqm*
- Opposite Commercial and General's landmark new '88 O'Connell Development'
- Alongside Cibo Espresso North Adelaide

- Open plan with rear storage/office area
- Significant exposure with signage rights
- Proactive landlords

Suitable for a variety of office or retail and office users, 55A-59 O'Connell Street, presents an excellent opportunity to secure a prominent tenancy in the heart of O'Connell Street.

Located directly across the road from the iconic Archer Hotel and directly next door to Cibo Espresso, 55A-59 O'Connell Street is a well-known site amongst locals and visitors comprising a largely open plan space with one main retail area and a back storage/office space. The building has a memorable black exterior with a full glass frontage facing east, allowing for ample morning natural light. Formerly a candle and homewares shop, the interior of the tenancy is fitted with marble-look floor tiles and storage/display cabinets. Servicing the businesses and residents of North Adelaide, Medindie, Prospect, Gilberton and Fitzroy, this tenancy presents a prime opportunity for operators to establish their business in a thriving retail/residential area.

Known for its rich history and architecture dating back to the 1830's, O'Connell Street is home to over 200 specialty shops, a gym, cinema complex, shopping centre and an extensive variety of F&B operators ranging from fast food to fine dining. With exposure to approximately 30,000 vehicles daily, the tenancy benefits from its strong street presence to both vehicles and foot traffic.

For more information and to arrange an inspection of 55A-59 O'Connell Street, North Adelaide, please call Saxon Smith or Nova Gaud of McGees Property (RLA 1722).

Property History for 55a-59 O'Connell St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
Last Sold
$942,455
13 Feb 1998
Listed for Rent
$575/w
19 Oct 2022
  • 09 Sep 2022
    Listed for Rent - Price not available
  • 24 Oct 2013
    Listed for Rent - Price not available
  • 13 Feb 1998
    Sold for $942,455
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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 4,892 properties. Over the last 5 years, Houses in North Adelaide have seen a 53.52% increase in median value, while Units have seen a 87.99% increase. As at 30 June 2026:

  • The median value for Houses in North Adelaide is $1,655,450 while the median value for Units is $928,119.
  • Houses have a median rent of $723 while Units have a median rent of $600.
There are currently 14 properties listed for sale, and 15 properties listed for rent in North adelaide on OnTheHouse. According to Cotality's data, 333 properties were sold in the past 12 months in North adelaide.

Suburb Insights for North Adelaide 5006

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.