SOLD
Sold on 27 Mar 2024 for $3,750,000

129-131 Rundle Street
Kent Town SA 5067

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 319m2
Land area: 90m2
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Property Details for 129-131 Rundle St, Kent Town

Building Type
Commercial
Floor Size
319m2
Land Size
90m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
A91/F209934

Last Listing description (November 2023)

JLL is pleased to exclusively present for sale 125-131 Rundle Street, Kent Town.

125-131 Rundle Street provides a generational opportunity for owner occupiers, investors, developers and land bankers to acquire in excess of 1,900 sqm of land in one of Adelaide's most sought after inner city locations. Kent Town has benefitted from immense gentrification, located just over 1 kilometre east of the Adelaide CBD, and a short walk to The Parade, Norwood. Located amongst some of Adelaide's most affluent inner-city suburbs including Norwood, Rose Park, Kensington, Dulwich, St Peters and more.

The property is offered 'In One Line' and comprises two Certificates of Title. Both Titles are improved with updated, functional office and workshop improvements which would appeal to a range of users.

Favourable Urban Corridor (Main Street) zoning, the property offers a generous frontage to Rundle Street of approximately 40 metres and maintains this frontage to Little Rundle Street at the rear.

We highlight the key advantages of this opportunity below:

Significant land holding of 1,938* square metres
Favourably zoned Urban Corridor (Main Street)
30%* occupied with valuable holding income of $65,438* pa net
Dual Rundle Street and Little Rundle Street frontages
40* metre street frontages

The potential and flexibility 125-131 Rundle Street provides is limitless. Sites of this scale, location and amenity are highly sought after but seldom offered to market. This is a one-of-a-kind opportunity not to be missed.

Public Auction on site at 11am Wednesday 22 November 2023

*Approximately

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Property History for 129-131 Rundle St, Kent Town, SA 5067

A timeline of how this property has performed in the market
Last Sold
$3,750,000
27 Mar 2024
Listed for Rent
19 Nov 2021
  • 27 Mar 2024
    Sold for $3,750,000
  • 26 Mar 2024
    Sold for $3,850,000
  • 25 Oct 2023
    Listed for Sale Contact Agent
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About Kent Town 5067

The size of Kent Town is approximately 0.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Kent Town in 2011 was 1,199 people. By 2016 the population was 1,234 showing a population growth of 2.9% in the area during that time. The predominant age group in Kent Town is 20-29 years. Households in Kent Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kent Town work in a professional occupation. In 2011, 34.3% of the homes in Kent Town were owner-occupied compared with 35% in 2016.

Kent Town has 1,141 properties. Over the last 5 years, Houses in Kent Town have seen a 74.80% increase in median value, while Units have seen a 56.17% increase. As at 30 November 2024:

  • The median value for Houses in Kent Town is $1,661,597 while the median value for Units is $684,989.
  • Houses have a median rent of $610 while Units have a median rent of $600.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Kent town on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Kent town.

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