SOLD
Sold on 18 Oct 2024 for $4,500,000

45-53 Gilbert Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 25
Land area: 1178m2
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Property Details for 45-53 Gilbert St, Adelaide

Building Type
Commercial
Land Size
1178m2
Local Government
Adelaide
Lot/Plan
A7/F109992

Last Listing description (August 2024)

RWC Adelaide in conjunction with Knight Frank are excited to present for sale a significant investment opportunity within the city's trendy 'West End'

Triple fronted site of 1,175sqm* with some 34m frontage
Significant and diversified income stream from high profile tenant regime

City Living planning encourages mixed use with heights up to 14m*
Staggered lease expiry offers potential for rental uplift and owner occupation
Coveted position within the 'Gilbert Street' precinct
Exceptionally well presented built form of 1,017sqm*
Passing net income of $242,731* plus GST
A premium investment with unquestionable development upside

Auction onsite Friday 10 May 2024 at 11am ACST

For more information please contact the listings agents

Property History for 45-53 Gilbert St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$4,500,000
18 Oct 2024
Listed for Rent
19 May 2020
  • 18 Oct 2024
    Sold for $4,500,000
  • 12 Apr 2024
    Listed for Sale Price on Application
  • 27 Mar 2020
    Listed 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 17,723 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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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.