227-229 Rundle Street,
Adelaide, SA 5000

Auction Location: 227-229 Rundle Street, Adelaide SA 5000

Auction – To Be Held in Succession on 12th March 2026 from 12:00 p.m.

227 & 229 Rundle Street, Adelaide present a rare opportunity to secure two adjoining properties in one of Adelaide's most tightly held retail and lifestyle precincts.

Offered for sale via auction to be held in succession, is your chance to secure one or both of these prominently positioned mixed-use assets provide a compelling blend of secure income, value-add potential and long-term capital growth.

These irreplaceable properties are offered to the market for sale, presenting an outstanding chance to acquire one or both of these highly sought-after assets along one of South Australia's most iconic high streets.

Each property features commercial accommodation at ground level fronting Rundle Street, complemented by residential tenancies to the upper floors, delivering diversified income streams within a proven CBD location. Both properties have undergone a comprehensive restoration and redevelopment designed by Studio Nine Architects, resulting in a high-quality mixed-use outcome that sensitively integrates heritage character with contemporary functionality.

Key highlights include:

• Prime Rundle Street frontage with exceptional pedestrian exposure
• One commercial vacancy offering immediate upside and leasing flexibility
• Established residential tenancies providing supplementary holding income
• Blue-chip Adelaide CBD location surrounded by retail, hospitality and lifestyle amenity
• Opportunity to acquire individually or collectively via successive auctions
• This is a standout opportunity for investors, owner-occupiers or value-add buyers seeking a foothold in one of Adelaide's premier city streets.
• Valuable dual-frontage and high foot-traffic exposure
• No Stamp Duty in South Australia

227 Rundle Street, Adelaide
• Secure ground floor lease to national fashion brand AJE through to 2030 generating a gross income of $170,818.08 per annum with fixed 4% increase due 1 June 2026
• Upper 2 bedroom 1 bathroom residential tenancy generating $650 per week income
• Estimated net income $182,394.25 per annum

229 Rundle Street, Adelaide
• Prime retail ground floor tenancy which is ready for immediate occupation.
• Upper 4 bedroom 2 bathroom residential tenancy generating $1,100 per week income
• Estimated Imputed net income $189,168.74 per annum

For Sale via Public Auction to be held on-site in succession on 12th March 2026 from 12:00 p.m.

For further details or to arrange an inspection, please contact the exclusive selling agents:
Mario Bonomi 0412 080 9...
Mark Tettis 0433 139 8...

*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 St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015