SOLD
Sold on 17 Oct 2024 for $8,250,000

274 North Terrace
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 1
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Property Details for 274 North Tce, Adelaide

Building Type
Land
Year Built
1955
Local Government
Adelaide
Lot/Plan
A237/F181889

Last Listing description (January 2019)

STRATEGIC DEVELOPMENT SITE - CORNER NORTH TERRACE & FROME STREET

- Near island development site of 469sqm* with 3 street frontages to North Terrace, Frome Street & Vaughan Place
- Located across the road from Adelaide University and the University of South Australia
- Short walk to the cities premier retail strip being Rundle street

- Flexible Capital City Zoning allowing development of tremendous scale up to 53m* in height (STCC)
- Take your pick of development options; student accommodation, residential apartments, office or retail
- To be sold with existing short term holding income to Budget Car & Truck Rental
For Sale by Expressions of Interest
For further information on the rare North Terrace offering, contact:
Mitch Curnow +61 415 494 056
Harry Einarson +61 421 747 442
RLA 208125 *approx

Property History for 274 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$8,250,000
17 Oct 2024
  • 29 May 2017
    Listed for Sale Price on application
  • 30 Nov 2015
    Listed for Sale Not Disclosed
  • 20 Jul 2015
    Listed for Sale Not Disclosed
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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 18,023 properties. Over the last 5 years, Houses in Adelaide have seen a 56.83% increase in median value, while Units have seen a 30.63% increase. As at 30 November 2024:

  • The median value for Houses in Adelaide is $1,134,010 while the median value for Units is $534,563.
  • Houses have a median rent of $620 while Units have a median rent of $580.
There are currently 165 properties listed for sale, and 89 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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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.