SOLD
Sold on 12 Jan 2024 for $2,750,000

254-258 Franklin Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 765m2
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Property Details for 254-258 Franklin St, Adelaide

254-258 Franklin St, Adelaide is a 0 bedroom, 0 bathroom Unit. The property has a land size of 765m2 and floor size of 1m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 0 bedroom Unit sold in Adelaide in the last 12 months.

Building Type
Unit
Floor Size
1m2
Land Size
765m2
Local Government
Adelaide
Lot/Plan
A369/F181211

Last Listing description (September 2023)

A multi-tenanted mixed use investment in Adelaide's fast growing and highly sought western CBD precinct.

Key highlights include:
1,335 sqm (approx.) site with dual street frontages

3 Character Bluestone cottages totalling 350 sqm (approx.)
Flexible parcelling options
Valuable holding income from multiple tenants (With early termination clauses)
Prized corner site
Favourable Capital City Zoning (53 Metres)
Former DA approval for 16-level residential building with retail, car parking and 111 apartments
3 Certificates of Title
Opportunity to reposition or redevelop
Premium Western CBD location in close proximity to the bustling Central Market, cosmopolitan Chinatown, UniSA City West campus, and medical precinct on North Terrace.

The improvements comprise three Character Bluestone cottages and adjoining rear bitumised carpark currently under lease to a commercial car parking operator. The improvements are devoid of any heritage attachments.

254-260 Franklin Street, Adelaide presents interested parties with an outstanding and rare chance to acquire a prime corner future development site in one of Adelaide's most highly sought and fastest developing CBD precincts.

Contact David Buenfeld or Alan Lim for further enquiry.

*Approx
*Subject to necessary consents

RLA 287133

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Property History for 254-258 Franklin St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$2,750,000
12 Jan 2024
Listed for Rent
$420/w
05 May 2021
  • 12 Jan 2024
    Sold for $2,750,000
  • 27 Jan 2022
    Listed for Sale Contact Agent
  • 08 Dec 2020
    Listed for Sale Contact Agent
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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 17,723 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.
There are currently 177 properties listed for sale, and 83 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 999 properties were sold in the past 12 months in Adelaide.

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