89 Melbourne StreetNorth Adelaide SA 5006
Property Details for 89 Melbourne St, North Adelaide
Last Listing description (August 2021)
Located in the heart of Melbourne Street, North Adelaide amongst the active retail/ cafe/ office precinct lies this fantastic retail/ office opportunity. Whether you're looking to relocate your business or add another location, this space offers the great exposure and foot-traffic.
Within a Strata group addressed as 81- 91 Melbourne Street and made up of four ground floor occupants that are diverse in nature (i.e. restaurant, consultancy and beauty), the address is also home to 18 residential apartments with separate foyer access.
Features of the property include:
- 48 sqm (approx.) lettable area
- Prime exposure and frontage to Melbourne Street
- Free 3 Hour Car Parking behind
- Sold as Vacant Possession (GST applicable)
- Zone: Main Street (Melbourne East) Zone
"A mix of land uses should exist which primarily provide services to the local residential community.
Land uses that add to the vitality of the area and extend activities into the evening should occur, including restaurants, shops, small licensed premises, educational, community and cultural facilities, and visitor and residential accommodation."
Property Code: 2078
Property History for 89 Melbourne St, North Adelaide, SA 5006
- 09 Sep 2021Sold for $300,000
- 12 Mar 2020Listed for Sale $300,000 + GST
- 15 Apr 1998Sold for $105,000
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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 4,885 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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