GROUND FLOOR/131 Ward StreetNorth Adelaide SA 5006
Property Details for Ground Floor/131 Ward St, North Adelaide
Last Listing description (March 2023)
Tenanted Investment Opportunity
This fantastic investment opportunity is located 20 meters off North Adelaide's main business, restaurant and caf precinct, O'Connell Street. Described as being located on the corner of Ward and O'Connell Street the property has a full glass-frontage and enjoys vehicle exposure to city-bound traffic on O'Connell Street, i.e. more than 12,500 cars per day (Dpti).
Securely tenanted by the highly reviewed authentic Indian restaurant known as "Sector 17" until May 2026, the property offers the astute investor an opportunity to add to their property portfolio, a prime piece of North Adelaide real estate with a low-risk return on their investment.
Features of the property include:
- Lettable building area: 134 sqm
- Superb restaurant fit-out with commercial kitchen, grease trap and upstairs private function area.
- Passing Rental: $46,125 p.a. + O/G + GST
- Lease Term: 5 years expiring 14/05/2026
- Annual Rent Review: 2.5% fixed increases
- Renewal: 1 x 5 year option
- An abundance of 1 & 2 hr street car parking along Ward Street
Property Code: 2273
Property History for Ground Floor/131 Ward St, North Adelaide, SA 5006
- 30 Sep 2022Listed for Sale $980,000 - $1,050,000
- 09 Sep 2020Listed for Rent $67,598 / week
- 04 Dec 2017Listed for Rent $50,000 / year
Recent sales nearby
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0About 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 4,888 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.
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