1A Stephens Avenue




Prime City Fringe Investment Opportunity In Adelaide

An outstanding opportunity, this three-storey block of 18 units is perfect for investors seeking a solid rental yield and potential for future capital growth. Located minutes from the city centre and short drive to popular beaches.

Investment details:

+ A rare offering in the Adelaide Real Estate market, in a prime location
+ Three story block of 18 units (two bedroom; 1 bath)
+ Fully occupied and currently rented at approx. $188,000 gross/annum
+ Single Torrens title on 1094sqm (approx.) with 46m frontage
+ Passive investment; sit back and collect the rent
+ 5 minute drive to CBD
+ 20m walk to the main transport corridor and local shopping strip on Henley Beach Road that that has become well known for its cafes and restaurants
+ Options galore with future development potential STCC
+ Zoned – Transit Living Policy 36 (multi story mixed commercial and residential; minimum two story, and up to four story)

Need finance?
1st City’s Fund + Protect has the expertise, knowledge and accreditation to help you with sourcing and structuring basic to complex facilities (including trusts).
Contact John Ganderton on or Adam Rakowski on
(ACL 485034)

Agent Contact Details

  • Brad Caldwell-Eyles

    m0414 246 625 p(02) 9326 1299

For Sale


Property Type



1144 sqm approx


Expected Buyer Interest*

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* The mean value of this bell graph is equal to the mean value of our estimate of price range provided to the vendor.