238 Unley RoadUnley SA 5061
Property Details for 238 Unley Rd, Unley
Last Listing description (October 2026)
Presenting an exceptional investment opportunity in close proximity to Adelaide's CBD, positioned along one of Adelaide's emerging development and commercial roads. Located just metres from Unley Shopping Centre, the property sits within a tightly held precinct surrounded by quality businesses and established amenities.
Offering a highly convenient location with strong exposure and excellent connectivity, this is an outstanding opportunity for investors seeking a well-positioned asset in one of Adelaide's established inner-southern suburbs.
The property is leased by established tenant Sugarcoat Tanning Salon, with the rear portion of the property leased to a hairdresser as a subtenant.
• 251m2* site area
• 113m2* NLA
• 5.64 metre frontage to Unley Road
• Zoned Urban Corridor (Main Street)
• Five (5) year lease term commenced 05.02.2024, expiring 04.02.2029
• Five (5) year renewal option
• Net rental of approximately $40,236.48 p.a. + GST + Outgoings
• Next CPI rental increase due February 2027
• Tenant pays all statutory outgoings, excluding Land Tax (current outgoings approx. $11,228.76 p.a.)
• Bank Guarantee held as security under the lease
• Well-presented and exceptionally well-maintained premises
• Rear courtyard
• Established head tenant - Sugarcoat Tanning Salon
• Rear portion occupied by hairdresser subtenant
GST free going concern, and there is NIL stamp duty payable on purchase of commercial property in SA.
FOR SALE BY PUBLIC AUCTION ON-SITE FRIDAY 16 OCTOBER 2026 AT 11:00am ACST unless sold prior.
If you would like any further information or to view the property, please contact the agent to arrange an inspection. (Inspection highly recommended)
Michael Kourbelis 0452 239 633
* All areas/dimensions approximate
RLA 283100
Property History for 238 Unley Rd, Unley, SA 5061
- 16 Oct 2026Sold
- 11 Sep 2026Listed for Sale Contact Agent
- 11 Oct 2023Listed for Rent - Price not available
Recent sales nearby
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0About Unley 5061
The size of Unley is approximately 1.5 square kilometres. There are 6 parks, covering nearly 4.4% of the total area. The population of Unley in 2016 was 4006 people. By 2021 the population was 3997 showing a population decline of 0.2% in the area during that time. The predominant age group in Unley is 30-39 years. Households in Unley are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Unley work in a professional occupation.In 2021, 61.90% of the homes in Unley were owner-occupied compared with 61.40% in 2016.
Unley has 2,365 properties. Over the last 5 years, Houses in Unley have seen a 36.83% increase in median value, while Units have seen a 63.89% increase. As at 30 September 2026:
- The median value for Houses in Unley is $1,935,434 while the median value for Units is $793,003.
- Houses have a median rent of $800 while Units have a median rent of $650.
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