LEVEL 1/248A Melbourne Street, North Adelaide, SA 5006 | Property Value & History | OnTheHouse
OFF MARKET

LEVEL 1/248A Melbourne Street
North Adelaide SA 5006

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 25m2
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Property Details for Level 1/248a Melbourne St, North Adelaide

Building Type
Commercial
Land Size
25m2
Local Government
Adelaide
Lot/Plan
U3/S8110

Last Listing description (February 2019)

LOCATION PLUS!
This office is 1 of 4 in a very well maintained building, which is comprised of 2 ground floor office suites, and 2 upper floor suites. The office suite for lease is on the first floor with frontage to Melbourne Street.

The external timber work (facias, barges) and gutters have very recently been repainted in a charcoal colour. Note that the photos of the building external were taken before the repaint was performed.

Almost continuously leased since 2005, this modern office suite is available for a new tenant now.

Located on prestigious Melbourne Street in North Adelaide (on the corner with New Street) this office offers various business types a very professional, modern, light-filled, well appointed, and fully self-contained premises from which to conduct and promote their enterprise.

As suggested above, this office suite is characterised by the large building entrance atrium which floods the reception area and the three front offices with natural light.

Brilliant North Adelaide Location:
5 min walk to Melbourne Street cafes
5min walk to the Old Lion Hotel, &
5 min walk to Melbourne Street Post Office
Within minutes of the city centre
Public transport past the front door

Features of the suite are:
5 generously proportioned offices
Attractive reception area with opposite at front, &
Smaller atrium behind reception
Self-contained Kitchen
Separate male & female toilets
fitted slim-line venetian blinds throughout
Reverse cycle ducted air-conditioning
Split Reverse cycle A-C unit to N-E office
Fully networked 10/100Mb wired, hub & cabinet
Recently fitted with new high quality carpets
Custom-built American Oak furniture included*
2 car parks included
Separate rear entrance direct from the car park
Vehicle access to car park from New Street

Recently, the old stone wall on the Melbourne Street front boundary has been demolished to make way for a modern soft architectural landscaped frontage to the building. These works will be completed shortly..

Rental
$34,600 Gross per annum

Immediate availability

Property History for Level 1/248a Melbourne St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
Last Sold
$160,000
24 Aug 1994
Listed for Rent
$663/w
23 Feb 2019
  • 07 Feb 2019
    Listed for Rent - Price not available
  • 07 Oct 2017
    Listed for Rent - Price not available
  • 24 Aug 1994
    Sold for $160,000
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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.
There are currently 17 properties listed for sale, and 14 properties listed for rent in North adelaide on OnTheHouse. According to Cotality's data, 342 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.