21 Franklin StreetAdelaide SA 5000
Property Details for 21 Franklin St, Adelaide
Last Listing description (March 2022)
An opportunity to purchase this Iconic & stylish CBD building, 'Faraway House' at 21 Franklin Street, Adelaide is now available!
- High profile site of 444 sq m with a very significant right of way from Franklin through to Grote Street.
- High Rise development prospects (stcc)
- 12 month leaseback available.
- Substantial future development potential close to Adelaide Central Markets, Adelaide Bus station, Chinatown, Courts & Legal precincts, and to Victoria Square.
- Valuable 9 meter exposure to Franklin Street & additional frontage to Trades Hall Lane.
- Easy walk to Uni SA, Rundle Mall and to North Terrace Medical Precinct
Expressions of Interest close on Thursday, 18th November 2021 at 4.00pm (ACST) (unless sold prior)
To discuss this opportunity further or to request a copy of the Information Memorandum, please call Tony Ricketts on 0418 827 911, or email on tony.ricketts@raywhite.com
Property History for 21 Franklin St, Adelaide, SA 5000
- 31 Jan 2022Sold for $4,700,000
- 07 Oct 2021Listed for Sale Expression of Interest
- 17 Apr 2008Listed for Rent - Price not available
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.
Adelaide has 17,717 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:
- The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
- Houses have a median rent of $610 while Units have a median rent of $580.
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