285 Rundle Street, Adelaide, SA 5000

Hotel/Leisure | Retail

For Lease

  • Property ID: 382799
  • Floor Area: 280m²
  • Land Area: 280m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
The East End’s ‘MOST’ Iconic hospitality venue!

Property ID: 100050 (Use this when calling in)

It’s not every day that a restauranter gets the opportunity to become part of the cultural fabric of a city and it’s not every day that an operator secures a restaurant building of this caliber.

Once home to Adelaide’s most prestigious and recognised wine bar, The Universal. Founded in 1990 by Australia’s first Master of Wine Michael Hill-Smith, The Universal was the envy of wine bars nationally and truly an icon of Adelaide. The Universal pre-dated the wine bar revolution that we enjoy today and again we want this spot to lead the way in Adelaide’s hospitality scene.

What makes this space so unique, is its dual configured 280sqm (approximate) layout. The intimate level 1 restaurant is accessed via a staircase off Frank’s lane. The kitchen is kitted out with extraction, cool room, stainless steel benches, sinks and ice maker. The upstairs space has an open plan dining area overlooking Rundle Street and its own toilets.

The ground floor restaurant/bar opens onto Rundle Street with huge bi-fold doors that span the entire shop front. This setup creates a large outdoor drinking and dining area that also flows back inside to the main dining area. Historically the venue has had extensive outdoor dining both on Rundle Street and Franks Lane.

Internally, on the western side is a large bar that originates from the “Universal” days, booth seating throughout and large kitchen at the rear. The kitchen contains extraction, cool room, combi-oven, dishwasher, sinks and stainless-steel benches.

285 Rundle Street is the centerpiece of the East-End foodie hub. Its neighbors dish up a global menu with the soon to open Ong Vietnamese Bar & Kitchen (formerly Chopstix) and La Taberna, Eros Kafe, Mum Cha, Toyama Japanese Cuisine, Lemongrass, Sosta, The Stag and Yiasou George. Wander through Frank’s Lane to Vardon Avenue and Ebenezer Place which reveals Adelaide’s best nightlife with Mother vine, Nola, East End Cellars and The Belgium.

Culturally, the East End is home to South Australia’s premiere arts Festivals Including the famed Fringe Festival & WOMADelaide.

At the newly crowned Creation & Innovation Neighborhood, LOT FOURTEEN proudly boasts Stone & Chalk, The Australian Space Agency and coming soon is the Australian Space Discovery Centre & Mission Control Centre. This diverse tenancy mix of tech entrepreneurs, start-ups and some of Adelaide’s best creatives gives the East End the vibrancy it has become so famous for.

This one is not to be missed, and is ready for its next hospitality entrepreneur to carve out their own legacy.

Adelaide Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4375 $602 13.77%
Retail --- $414 ---
Industrial --- $250 ---
This is the average advertised price, rent and yield for Adelaide, SA 5000*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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