SOLD
Sold on 16 Oct 2024 for $2,299,999

264 North Terrace
Adelaide SA 5000

Bedrooms: 5
Bathrooms: 1
Car spaces: -
Land area: 307m2
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Property Details for 264 North Tce, Adelaide

Building Type
Commercial
Year Built
1980
Land Size
307m2
Local Government
Adelaide
Lot/Plan
A2/F1660

Last Listing description (October 2023)

With magnificent ornate and character features throughout in this central city location overlooking the beautiful architecture of the Adelaide University.

Enviably located in the most beautiful part of Adelaide city, with Rundle Street and the East End a short walk away, as is the River Torrens, Botanic Gardens, Art Gallery, Riverbank precinct and Adelaide Oval.

Currently the property is utilised and leased as consulting rooms on a 10 + 5 + 5 year lease, with a commencement date of 20/9/2019, and with a commencement rent of $123,120 per annum (plus GST and outgoings).

The opportunity for vacant possession is also possible by agreement and negotiation, for a purchaser wishing to continue to utilise as their own office, or to reside in as a city residence (subject to necessary council consents).

Comprising some 10 main rooms with great flexibility as to how you would wish to dispose them, could be up to 5 bedrooms if required.

Magnificent front lounge room with superb fireplace and north facing bay window, as well as large cellar.

A magnificent and recently restored balcony is superb for entertaining or relaxing and opens out from what could be the master bedroom upstairs.

Valuable rear access off Frome Street.

This most appealing and prestigious residence offers great flexibility both in terms of layout and use, surrounded by all the best that Adelaide city has to offer.

Please contact Charles Booth 0408 898 287 or Jack Booth 0418 818 925 for further details and the information memorandum.

AGENTS: Charles Booth 0408 898 287 & Jack Booth 0418 818 925
RLA: 294724 & 316780

Property History for 264 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$2,299,999
16 Oct 2024
  • 16 Oct 2024
    Sold for $2,299,999
  • 14 Aug 2018
    Listed for Sale $2,300,000
  • 26 Jun 2007
    Transferred

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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 17,730 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 192 properties listed for sale, and 98 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 988 properties were sold in the past 12 months in Adelaide.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.