89 Payneham Road,
St Peters, SA 5069

JLL is pleased to exclusively present for sale 89 Payneham Road, St Peters – Dechert House, a distinctive medical investment opportunity featuring a converted 1890s character building that seamlessly blends character architecture with contemporary healthcare functionality. The property delivers secure rental income through an established surgical practice, making the opportunity a true set and forget investment.

Dechert House benefits from a premium position in St Peters, one of Adelaide's most desirable inner eastern suburbs. The strategic location just 3.6 km from Adelaide CBD ensures excellent connectivity while serving an affluent community with strong healthcare spending capacity.

With a newly executed 10-year lease plus options extending to 2050, this investment provides favourable income growth through 3% annual increases within a comprehensive net lease arrangement, positioning investors to benefit from both stable returns and long-term capital appreciation potential.


We highlight the key property features below:

Current net income of $210,000* per annum + GST + outgoings
Land rich investment with 1,362 sqm* of St Peters land
Brand new 10-year lease with options to 2050
Total building area of 340 sqm*
On site car parking for 12 vehicles
Vehicle access via Payneham Road and exit via First Lane
Essential service asset class with proven economic resilience
Significant commercial investment savings with 0% stamp duty in South Australia

89 Payneham Road, St Peters is for sale by Expression of Interest closing Thursday 27 November 2025 at 4pm (ACDT)

For more information or to arrange an inspection, please contact the exclusive JLL selling agents.

*Approx

JLL RLA 1842.