42 Melbourne Street, North Adelaide, SA 5006

Retail | Development/Land | Offices

For Sale Contact Agent

  • Property ID: 431265
  • Floor Area: 423m²
  • Land Area: 462m²
  • Occupancy: Vacant
Landmark Investment Opportunity with Re-Development Potential

LJ Hooker Commercial Adelaide is pleased to present to the market 42 Melbourne Street, North Adelaide.

Which presents a unique opportunity for vacant possession or investment. It's a perfect fit for a restaurateur or for someone seeking a new business venture, and also holds potential for redevelopment.

The current tenants Zapatas, are a landmark South Australian Mexican restaurant that has been operating successfully for over 40 years. The property also offers a rear residential tenancy which could be perfect to reside or operate as an AirBnb.

The commercial and residential property are for vacant possession with the commercial kitchen, bar and most furniture to stay upon completion of sale.

Key Features:
- Site Area: 463m2*
- Gross Lettable Area: 423m2*
- Full Commercial Kitchen
- Seating for 120 People
- High Exposure with 16,000 passing vehicles daily (Source: DPTI)
- Expansive signage opportunity
- Redevelopment Potential
- Commercial and Residential Tenancy
- Vacant Possession

* Approximate

* All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker Commercial Adelaide office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015

North Adelaide Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4728 --- ---
Offices $4728 $357 7.55%
This is the average advertised price, rent and yield for North Adelaide, SA 5006*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in SA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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:

  • 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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