Owner-occupiers, investors and future developers are all expected to compete for a high clearance warehouse site in prized Port Adelaide.

McGees Property’s James Juers and Michael Dimasi are marketing 49 Webb Street, Port Adelaide, on behalf of a vendor who has owned and operated from the property for a number of years.

The property will go to auction on Thursday, 14 August at 11am on-site.

Comprising a functional warehouse of 910sqm, plus a 92sqm mezzanine, with a high internal clearance of up to 7m, the property is on two Certificates of Title across 1,045sqm of site area and boasts dual street frontages of 46m to Webb Street and 25m to Langham Place.

It is offered with a short-term holding income until January 2026.

“We’re expecting interest from businesses looking to own their own premises, as well as investors and future developers,” Juers said.

“Owner-occupiers will see this as a ready-to-go high clearance warehouse and factory with three-phase power.

“Investors will note that tenants are focusing on well-located facilities in established industrial hubs that offer good access, quality warehousing, and flexibility. Port Adelaide is at the absolute heart of Adelaide’s industrial sector.”

The highly accessible property is located moments from the intersection with Old Port Road, as well as Grand Junction Road and Port Road.

Exterior of warehouse

“Further, this property can be occupied as one tenancy or split into multiple tenancies. Industrial sites with existing improvements that can be repositioned, upgraded, or redeveloped to maximise value over time are particularly sought-after currently,” Juers added.

The property is zoned Housing Diversity Neighbourhood within the City of Port Adelaide Enfield with current industrial existing use rights.

“This is a rare opportunity to acquire 1,045sqm of prime industrial land in a key logistical location,” Dimasi said.

“Future developers will be able to acquire a site that is in-demand from tenants and secure a solid income stream while assessing their options for the property.”

For more information contact the exclusive selling agents:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Michael Dimasi on mdimasi@adl.mcgees.com.au or 0405 360 253

View listing: 49 Webb Street, Port Adelaide | McGees Property Adelaide

An exceptional opportunity to secure a piece of inner east Adelaide’s history and to create a unique retail offering for the city has come to the market.

McGees Property’s Simon Lambert and James Juers are marketing 20 Stuart Road, Dulwich – the former One Rundle Trading building – for sale with an asking price of $2.975 million.

Lambert and Juers are acting on behalf of the owners of antiques, interiors and fashion retailer One Rundle Trading, which is relocating to Melbourne Street, North Adelaide.

The building at 20 Stuart Road, Dulwich has been the home of the popular retailer for the past 20 years. Known as the Melba Theatre, the property was originally a 1920s picture theatre. It comprises a 605sqm building with original heritage features and high ceilings, on an 836sqm site zoned Local Activity Centre within the City of Burnside.

The property is being offered with vacant possession.

“The likely buyers will be an owner-occupier running a similar locally-focussed retailbusiness,” Lambert said.

“One Rundle Trading have built icon status in retail circles around Adelaide operating from this classic building in a strong retail location. I’ve got no doubt other aspiring businesses will look to follow this success by securing this magnificent building and trading on the strong goodwill established from it.”

Juers said the property is prominently and centrally located in Dulwich Village.

“This is a remarkably rare opportunity to establish a business within an iconic building in the popular and tightly held Dulwich Village retail precinct.

“Dulwich Village is a charming village-style shopping precinct located just three kilometres from the CBD, offering a wide range of high-quality shops, cafes, food retailers, and services.”

For more information contact the exclusive selling agents:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Simon Lambert on slambert@adl.mcgees.com.au or 0408 846 999

View listing: 20 Stuart Road, Dulwich | McGees Property Adelaide

McGees Property has recruited highly respected property professional Rachel Elliottto head up its new dedicated Advisory division.

Rachel has over 30 years’ experience in the South Australian market, including as a long-term Director at M3 Property and Chief Valuer at Land Services SA.

She has also sat on a number of boards and committees of industry bodies, including currently being an Executive Council Member at UDIA SA, and Deputy Board Chair at Believe Housing Australia.

“As a firm we identified an ongoing need for professional real estate consultancy and advisory services in the marketplace,” said Simon Lambert, Managing Partner at McGees.

“However, we were conscious that we needed to ensure we sourced the right person for the role, with the unique set of specialised skills. Rachel was top of our list, so we were delighted when Rachel accepted our invitation to join the firm as Director –Advisory.

“Rachel’s unparalleled expertise, with an enviable valuation background, gives her a unique perspective and ability to assist clients with real estate strategy and problem solving. We are excited to see what Rachel can do leading our Advisory division.”

Rachel said, “Joining McGees and launching the Advisory team just felt like the right next step for me.

“It’s a unique opportunity to bring together everything I’ve learned in business, property, and valuation to help clients with tailored, practical advice.

“What makes this truly powerful is being able to tap into the deep experience of the wider McGees team – we’ve got a lot to offer. This is a fresh new service for Adelaide, and I’m genuinely excited to get started.”

Get in touch with the McGees Property Advisory team.

Rachel Elliot – Director – Advisory
relliot@adl.mcgees.com.au

Catholic Education South Australia (CESA) will relocate its head office to a prominent city-fringe office space in one of Adelaide’s key commercial precincts, following an off-market sale.

The Archdiocese of Adelaide has purchased the property at 186 Greenhill Road, Parkside and entered into a lease agreement with Catholic Education to provide future accommodation for the Catholic Education Office (CEO).

The sale was negotiated by Andrew Wilson and Phillip Joncheff of McGees Property on behalf of joint vendors Australasian Property Developments and Realside Investments Fund, following the pending departure of former tenant Viterra Australia. Current tenant Letcher Moroney (LM) Chartered Accountants will remain.

Comprising approximately 5,000sqm of net lettable area, the two-level building sits on a 6,065sqm corner site with three street frontages and carparking —a mix of open-air and undercroft spaces.

Catholic Education South Australia Executive Director Dr Neil McGoran, said: “Set across two levels, Catholic Education’s new head office in Parkside will offer modern facilities, with on-site and off-street car parking available for staff.

“Following refurbishment and fit-out, it is anticipated our 200-strong Catholic Education Office workforce will relocate from the Thebarton office to Parkside by Term 2, 2026.”

Andrew Wilson said the sale reflects the ongoing demand from education and institutional groups for well-located, owner-occupier opportunities in fringe locations.

“Greenhill Road continues to attract significant interest, particularly from groups seeking a long-term presence near the CBD. Large-scale buildings with strong parking ratios and multiple frontages are becoming increasingly rare.”

Phillip Joncheff added that the sale reinforces the strength of the city fringe market amid a tightening office vacancy environment.

“Owner-occupiers are increasingly drawn to assets like 186 Greenhill Road which offer scale, flexibility, and strategic positioning. These types of buildings are limited in supply, particularly in precincts where vacancy is tightening and demand for quality accommodation remains strong.”

The sale comes as demand for fringe office space continues to rise, with the Property Council of Australia’s latest figures showing South Australia’s city fringe vacancy rate tightening to 10.8% — a trend expected to continue as occupiers seek quality accommodation in accessible locations.

The site’s three-street frontage and prominent exposure along Greenhill Road, combined with proximity to parklands, public transport and the CBD, further enhance its appeal.

For more information on this transaction, contact:

Andrew Wilson on awilson@adl.mcgees.com.au or 0450 965 633

Phillip Joncheff on pjoncheff@adl.mcgees.com.au or 0412 231 645

McGees Property’s Andrew Wilson and Daniel Scinto negotiated the sale of 13-43 Webb Street, Port Adelaide on behalf of off shore institutional investor Silverfin Capital.

The property comprises 15,520 sqm of offices and warehouse, including gantry cranes, on 44,080sqm of land.

It is leased to long-standing national tenant, major steel processor and distributor InfraBuild until 2030. The sale price reflected a yield of 5.81%.

“The purchaser is a local private investor who will hold the property long-term as a leased investment, and will explore future value-add opportunities in line with tenant and market requirements,” Wilson said.

“This deal demonstrates the strength of the South Australian industrial sector and the ongoing demand for leased investments with value-add potential. We’re seeing an undersupply of quality leased stock driving competition,” he said.

“This property offered the rare opportunity to acquire a substantial industrial asset with a secure income stream backed by an established tenant, in a well-connected prime industrial precinct.

“Sites that are land-rich with existing improvements that can be repositioned, upgraded, or redeveloped to maximise value over time continue to be particularly sought-after.”

Scinto said there is strong leasing demand in core precincts, offering excellent tenancy and rental prospects over the long-term.

“Tenants are focusing on well-located facilities in established industrial hubs that offer good access, quality warehousing, and flexibility.”

The highly accessible property is located moments from the intersection with Old Port Road, as well as Grand Junction Road and Port Road.

Sinto added, “This was an incredibly rare opportunity to acquire more than 4.4 hectares of prime industrial land in a key logistical location, when Adelaide is witnessing the most significant industrial land shortage in Australia.”

For more information on this transaction, contact:

Andrew Wilson on awilson@adl.mcgees.com.au or 0450 965 633

Daniel Scinto on dscinto@adl.mcgees.com.au or 0415 584 818

A generational large-scale infill site in Gepps Cross has sold for well over the asking price of $29.5 million in the latest show of strength of Adelaide’s industrial market.

McGees Property’s Simon Lambert and Andrew Wilson negotiated the sale of 535 Grand Junction Road, Gepps Cross via a Deadline Private Treaty process on behalf of private owners.

The campaign marked the first time in decades the property had been offered for sale.

Set across two certificates of title on 45,220sqm of land, the property comprises a mix of older and near-new high clearance and sawtooth warehouses, updated offices, and amenities, totalling 18,788sqm, and is currently utilised as a precast concrete manufacturing facility. The site includes on-site car parking, sheds, and partial perimeter fencing.

The property is occupied by Bianco Walling Pty Ltd on a lease expiring 30 June 2026, with additional right of renewal periods of five years each. Current passing net rent is $1,484,519 per annum plus GST.

“The outstanding outcome of this campaign is another show of strength of Adelaide’s industrial market,” Lambert said.

“We received local and national interest from developers, investors, and manufacturing owner-occupiers, given this was a truly generational opportunity to secure one of Adelaide’s last remaining large-scale development sites.

”A development clause within the lease allowed for developers to terminate the lease. The private purchaser intends to keep in place the existing tenancy.

“Investors were attracted to the property for its excellent lease covenant, backed by an A-grade tenant with secure options, and were joined in the pursuit by developers for its irreplaceable, substantial footprint in the heart of Adelaide’s tightly-held northern industrial and commercial precinct, at a time in which Adelaide is experiencing the most significant industrial land shortage in Australia.

“We continue to see investors show heavy interest in Adelaide industrial assets with existing improvements and value-add potential.”

He said the property is favourably zoned Strategic Employment in the City of Port Adelaide Enfield, which together with its substantial facilities and low site coverage offered large scope for expansion of facilities, or development, from a value-add play to a new logistics estate.

“Its flexible zoning, unparalleled connectivity, and exposure to tens of thousands of vehicles daily made it a legacy development opportunity, and very attractive to owner-occupiers.”

Wilson said the property importantly offered excellent accessibility and connectivity, positioned minutes from the North-South Motorway, and centrally located between the Port and the CBD, making it ideal for industrial, manufacturing and logistics operations.

The property is also close to Princes Highway, Main North Road, Churchill Road, and Salisbury Highway.

The prime industrial precinct is home to some of the nation’s largest occupants, including Mainfreight, Linfox, Aldi’s distribution centre, Costco, Coopers, and Gepps XHome HQ, which is occupied by JB Hi-Fi, The Good Guys, Harvey Norman, Hungry Jack’s Ampol, Bianco Construction, Wattyl Paint and Coles.

For more information on this transaction, contact:

Andrew Wilson on awilson@adl.mcgees.com.au or 0450 965 633

Simon Lambert on slambert@adl.mcgees.com.au or 0408 846 999

View listing: 535 Grand Junction Road, Gepps Cross | McGees Property Adelaide

An exceptional opportunity to secure a substantial inner west Adelaide investment combining strategic location, strong income and long-term development potential has hit the market.

McGees Property’s James Juers and Michael Dimasi are marketing 309-313 South Road & 20-22 William Street, Mile End South on behalf of a private family who has owned the property for a number of years.

The property is offered as two holdings or in one line – as either 309-313 South Road, comprising a site area of 1,394sqm on one title with warehouse improvements and car park, and/or 20-22 William Street, comprising office, warehouse and showroom improvements and car parking on 1,394sqm of site area, on two titles.

In total, there is a 1,540sqm office, warehouse and showroom facility on 2,787sqm of land spread across three titles zoned Employment, with dual street frontages of 30 metres to South Road and William Street.

The property is offered with a 5+5-year lease from December 2023 to Uniken Flowers, returning a total of $193,041 per annum plus outgoings and GST.

“This is a prime offering in a premium inner-west location allowing for investors and land bankers to secure a strong income stream, and offering excellent future development potential,” Juers said.

“We’re expecting interest from investors looking to purchase an asset in a land-rich and tightly-held area with income and uplift opportunities. Future developers will be attracted to the tightly-held nature of the inner-city location in close proximity to major transport routes, and just two kilometres from the CBD and 2.5 kilometres from Adelaide Airport.”

Dimasi said, “This opportunity offers flexibility and scale in one of Adelaide’s most tightly-held commercial-industrial precincts.”

“The property offers prized dual frontage and exposure to both South Road and William Street, and won’t be impacted by the North-South Corridor upgrades.”

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Michael Dimasi on mdimasi@adl.mcgees.com.au or 0405 360 253

View listing: 309-313 South Road, Mile End South | McGees Property Adelaide

A strategically located north-eastern Adelaide asset in a tightly-held, high exposure retail and medical precinct is going to auction next month.

McGees Property’s Michael Dimasi and Yee Ng are marketing 503A-503D Lower North East Road, Felixstow on behalf of a private family that has owned the property for a number of years.

The property comprises four well-configured tenancies across 345sqm, on a prime 1,022sqm Torrens-Titled corner allotment with dual street frontages to Lower North East Road and Wicks Avenue, offering excellent signage opportunities and exposure to more than 41,500 vehicles passing each day.

The tenancies, including Vesuvio Pizzeria, a medical surgery, barber, and a beauty salon, offering a diversified income stream of $91,179 per annum, and with a weighted average lease expiry of 2.35 years also offer the potential for rental growth and repositioning over time.

“This is a rare high-exposure offering in a tightly-held precinct just six kilometresfrom the CBD, presenting an attractive blend of secure income, prime positioning,and long-term repositioning potential,” Ng said.

“Investors are expected to show strong interest in the property given the rarity of the offering, affordable price point, set-and-forget nature and opportunity to reposition and uplift rents in the future.

He said Felixstow has seen limited commercial turnover in recent years, underscoring the rarity and value of this investment.

“We’re also expecting landbankers looking to secure a strong holding income and assess their plans for a high-exposure site in a growing corridor,” Ng said.

Dimasi said the property is close to established retail, education and health care amenities, including Marden Shopping Centre, Firle Shopping Centre, Campbelltown Village and North Eastern Community Hospital.

He added that the property is also highly accessible, with 17 on-site car parks andpositioning on one of the key arterial routes connecting the CBD to Adelaide’s north-eastern suburbs, and is close to the O-Bahn interchange and key bus routes.

For more information on this transaction, contact:

Michael Dimasi on mdimasi@adl.mcgees.com.au or 0405 360 253

Yee Ng on yng@adl.mcgees.com.au or 0402 715 883

View listing: 503A-503D Lower North East Road, Felixstow | McGees Property Adelaide

Best-in-class amenities are on offer for the buyer of an Adelaide CBD office suite located within the city’s destination strata office tower.

McGees Property’s James Juers and Charlie Caruso are marketing Suite 808, 147 Pirie Street, Adelaide via Best Offers Over $310,000 before Thursday, 15 May.

The high-quality 52sqm office comprises four sit and stand desks and boardroom, ideal for a range of business types and sizes, and is in a high-profile location.

It is located in the 2009-built Aurora on Pirie, a 15-storey commercial office tower comprising over 190 office suites ranging from single user offices to large multi-partitioned spaces.

High-end amenities within the building including a pool, gym, spa and sauna, concierge, and rooftop entertainment and function space.

“Aurora on Pirie prioritises user experience and enjoyment of occupiers and tenants, which had made it the destination strata office tower in the Adelaide CBD,” Juers said.

The property is offered with vacant possession.

“We’re expecting interest to come from owner-occupiers ready to move in and looking to take advantage of the high-end fit-out for their own business, and to experience a quality workplace with best-in-class amenities,” Juers added.

Caruso said the property is also ideal for investors pursuing rental upside.

“The well-publicised flight to quality of recent years has seen businesses favour workplaces with high levels of amenity for their employees,” Juers said.

“Investors seeking rental upside and keen to capitalise on an offering existing fit-out will be very well-placed with this asset.”

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Charlie Caruso on ccaruso@adl.mcgees.com.au or 0402 632 140

View listing: 808/147 Pirie Street, Adelaide | McGees Property Adelaide

A beautiful two-storey Pulteney Street character retail and office building is on the market for the first time in more than three decades, offering an excellent Adelaide CBD opportunity for investors and partial owner-occupiers.

The multi-tenanted property at 442 Pulteney Street, Adelaide is being offered through McGees Property’s Yee Ng and Simon Lambert via Expressions of Interest closing Thursday, 15 May at 4pm.

The private owner, who is looking to retire, has owned the property since 1993.

Expectations are in the upper $1 millions range.

The property has a building area of 356sqm and currently has two long-standing tenants – one in place for more than 20 years and one in place for over 10 years – with another tenancy of 115sqm currently vacant.

The imputed fully-leased income is $95,806 per annum.

“This presents an ideal opportunity for investors and partial owner-occupiers,” Ng said.

“There is significant rental upside potential for investors and the property is in a sought-after address that is in high demand from a range of tenants looking to be near everything the CBD has to offer.

“Owner-occupiers can entrench themselves in Adelaide’s CBD, in close proximity to CBD’s high-quality hospitality and lifestyle amenity and accessibility, while also generating a strong income from the balance of the property.”

For more information on this transaction, contact:

Yee Ng on yng@adl.mcgees.com.au or 0402 715 883

Simon Lambert on slambert@adl.mcgees.com.au or 0408 846 999

View listing: 442 Pulteney Street, Adelaide | McGees Property Adelaide