1009-1011 North East RoadRidgehaven SA 5097
Property Details for 1009-1011 North East Rd, Ridgehaven
Last Listing description (May 2026)
- 2,996m* build, 12,119m* corner site
- 153* car parks, multiple access points
- Major national retail tenants
LJ Hooker Commercial Adelaide and Colliers are delighted to offer for sale the Pelican Plaza Shopping Centre for the first time in 20 years*.
Situated approximately 15km* northeast of the Adelaide CBD this convenience-based shopping centre proves astute investors an exciting opportunity to acquire a superb retail investment sited on a land-rich corner site.
Property Highlights:
- 100% leased shopping centre with low average rents
- Land rich investment providing 1.21ha* with 5 street frontages
- Strategic retail location, opposite Westfield Tea Tree Plaza Shopping Centre and adjacent Modbury Hospital Bunnings and Park N Ride providing fast commuter access to Adelaide CBD
- Multiple street crossovers ensuring convenient access for shoppers
- Strong tenancy mix including fast food, medical, banking, services and personal grooming
- Passing net income of $943,920pa*
- WALE 3.1 years* by income
- 153* on grade car parks
- Strong cashflow investment with excellent rental growth prospects
*approximately
This exceptional retail investment opportunity is offered For Sale by National Expressions of Interest closing Thursday 12 March 2026 at 3pm (ACDT).
For further information, or to book an inspection, please contact the exclusive agents.
Property History for 1009-1011 North East Rd, Ridgehaven, SA 5097
- 17 Mar 2026Listed for Sale Sale - Expression of Interest closing Thu 12 Mar
- 11 Apr 2018Listed for Rent - Price not available
- 15 Sep 2017Listed for Rent - Price not available
Recent sales nearby
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About Ridgehaven 5097
The size of Ridgehaven is approximately 2.1 square kilometres. It has 12 parks covering nearly 13.0% of total area. The population of Ridgehaven in 2016 was 4008 people. By 2021 the population was 4304 showing a population growth of 7.4% in the area during that time. The predominant age group in Ridgehaven is 30-39 years. Households in Ridgehaven are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ridgehaven work in a professional occupation.In 2021, 70.20% of the homes in Ridgehaven were owner-occupied compared with 71.40% in 2016.
Ridgehaven has 2,170 properties. Over the last 5 years, Houses in Ridgehaven have seen a 107.02% increase in median value, while Units have seen a 113.80% increase. As at 30 April 2026:
- The median value for Houses in Ridgehaven is $922,067 while the median value for Units is $638,738.
- Houses have a median rent of $600 while Units have a median rent of $500.
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