505/185 Morphett Street

The property was sold for $225,000. At this price, it offers an affordable entry point for investors seeking a foothold in Adelaide’s central commercial district

It sits on Morphett Street in the heart of Adelaide’s CBD, within a few hundred metres of hostels, hotels, the Queen’s Theatre, Light Square, and the Adelaide College of the Arts. This mix of hospitality, arts, and retail venues creates a vibrant environment for a wide range of commercial activities

The location is serviced by Adelaide Metro’s extensive bus, train and tram services, with the main railway terminus at Adelaide Station just a short walk away. This ensures easy access for staff and customers using public transport

The property is adjacent to several hostels and hotels, the popular Queen’s Theatre, Light Square town square, and the Media Resource Centre. These generate steady pedestrian traffic that can benefit cafés, boutiques, professional services or tourism‑related enterprises

While the property itself is centrally located, Adelaide’s broader infrastructure includes the Port Adelaide sea port, Adelaide Airport, and major arterial roads such as the inner ring route (A21) and outer ring routes (A3/A13/A16/A17). This provides efficient links for regional and interstate freight movements

Adelaide is South Australia’s governmental and financial centre, with a diversified economy encompassing health, defence, manufacturing, and creative industries. Being situated in the CBD places the property at the core of this economic activity, offering visibility and networking opportunities

The central location benefits from high footfall, proximity to cultural events such as the Adelaide Fringe Festival, and easy access to major transport corridors. These factors can help attract customers, talent, and partners as a business expands