GROUND FLOOR/83 Melbourne StreetNorth Adelaide SA 5006
Property Details for Ground Floor/83 Melbourne St, North Adelaide
Last Listing description (July 2024)
Savills is pleased to offer to the market Ground Floor 83 Melbourne Street, North Adelaide SA.The opportunity presents itself for a restaurant, caf, retail, or commercial operator to occupy this well-positioned and well-presented restaurant to operate in the tightly held area of Melbourne Steet North Adelaide. Owned and operated for over 20 years, the building is surrounded by a mix of commercial and residential properties with 15,400* commuters passing daily. In the heart of North Adelaide's premier food/beverage and retail precinct, the property benefits from being within close proximity to Adelaide Oval, Adelaide University and Hospital with ample off-street parking. Positioned on the ground floor, the tenancy offers the following for the next owner-operator:- Building area of 227 sq m*- Full Commercial Kitchen - 1800L Grease Trap- Stove- freezers - Refrigerators - Commercial countertops The unique property would suit a range of operators looking to capitalize on this walk-in walk-out restaurant on an as-is basis, excluding food and beverage, and plant and equipment unless negotiated prior.83 Melbourne Street, North Adelaide is for sale by Private Treaty with offers presented in excess of $1,380,000 plus GST. For further information please dont hesitate to contact the exclusive listed agents below. Approx*RLA 1786
Property History for Ground Floor/83 Melbourne St, North Adelaide, SA 5006
- 15 Jul 2024Listed for Sale Not Disclosed
- 28 Jun 2024Listed for Sale Not Disclosed
- 26 Jun 2024Sold for $1,330,000
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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 4,890 properties. Over the last 5 years, Houses in North Adelaide have seen a 58.55% increase in median value, while Units have seen a 86.85% increase. As at 31 May 2026:
- The median value for Houses in North Adelaide is $1,664,618 while the median value for Units is $904,969.
- Houses have a median rent of $710 while Units have a median rent of $600.
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