Apartment

509/185 Morphett Street

Adelaide SA 5000, Australia

1 Bedrooms

1 Bathrooms

- Parking

$290,000 Last sale (2023)

About this property

The property at 509 / 185 Morphett Street in Adelaide was sold for $290,000 on 2 Nov 2023 and is situated on Morphett Street adjacent to Light Square, within walking distance of the Central Market, Rundle Mall, Royal Adelaide Hospital and nearby university campuses.

It is currently leased to Oaks Hotels & Resorts, generating an approximate rental income of $1,458 per month, and features commercial‑oriented amenities such as secure storage, key‑less building entry, elevator access and immediate public‑transport connections

Key details

Locality: Adelaide
State: SA
Coordinates: 34.92672639 / 138.5934708
GNAF PID: GASA_424522829
Legal parcel ID: C/25362/F/509
Remoteness area: Metro
Property type: Commercial
Land Use Category: Commercial

Sales history

Event	Date	Price	Price per m²
Sale	2 Nov 2023	$290,000	—

Real Estate Agencies

Ordered by:

Harris Real Estate - Kent Town RLA 226409

2.2 km

5-9 Rundle Street, Kent Town, SA 5067

Exp Real Estate Australia - RLA300185

3.0 km

Level 3, 169 Fullarton Road, Dulwich, SA 5065

Harris Real Estate - Glenelg RLA 343664

9.0 km

1/115-123 Jetty Rd, Glenelg, SA 5045

Boffo Real Estate - RLA313174

3.9 km

78-80 North East Road, Walkerville, SA 5081

Eclipse Real Estate - RLA 277085

4.2 km

215 Payneham Rd, St Peters, SA 5069

Belle Property Glenelg / Henley Beach - RLA 254416 / RLA 329240

9.5 km

4/680 Anzac Highway, Glenelg, SA 5045

Harris Real Estate - Daw Park RLA 333839

5.7 km

510 Goodwood Road, Daw Park, SA 5041

Edge Realty - RLA256385

19.0 km

Shop 5, 25 Wiltshire Street, Salisbury, SA 5108

Belle Property - Norwood

2.8 km

Shop 2/221 The Parade, Norwood, SA 5067

Belle Property Adelaide City

0.3 km

153 Grote Street, Adelaide, SA 5000

Bailey Property - Tea Tree Gully / Greenwith

16.5 km

1282 North East Road, Tea Tree Gully, SA 5091

Belle Property Mawson Lakes

13.9 km

3/3 Coventry Street, Mawson Lakes, SA 5095

Harcourts Tagni - (RLA 255915)

17.7 km

190 Chandlers Hill Road, Happy Valley, SA 5159

D B Philpott Real Estate RLA 46442 - Prospect

4.7 km

154-160 Prospect Road, Prospect, SA 5082

Harcourts Prohomes RLA292426 - NORTH ADELAIDE

2.1 km

Ground Floor/274 Melbourne St, North Adelaide, SA 5006

Fox Real Estate - Adelaide (RLA 226868)

2.3 km

192 Melbourne Street, North Adelaide, SA 5006

Alexander Real Estate - (RLA 308922)

6.2 km

1/539 Greenhill Road, Hazelwood Park, SA 5066

AC Real Estate - ADELAIDE

1.1 km

235 Pulteney Street, Adelaide, SA 5000

Harcourts Packham Property - RLA 270 735,281342

9.2 km

762 Anzac Highway, Glenelg, SA 5045

Harcourts - St Peters

4.6 km

230 Payneham Rd, Payneham, SA 5070

All Adelaide - City Edge RLA213674

6.1 km

193 North East Road, Hampstead Gardens, SA 5086

Auta Real Estate - Fullarton RLA 281476

4.7 km

266 Glen Osmond Road, Fullarton, SA 5063

Harcourts - Adelaide City

1.0 km

Level 1/ 137 Gouger Street, Adelaide, SA 5000

Harcourts - Property People (RLA 60810)

6.4 km

685 Port Road, Woodville Park, SA 5011

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

Eynesbury Senior College Inc

0.5 km

Secondary school | Independent

St Mary's College

0.4 km

Combined school | Independent

Adelaide High School

0.6 km

Secondary school | Government

St Aloysius College

0.9 km

Combined school | Independent

Sturt Street Community School

0.8 km

Primary school | Government

Muirden Senior College

0.9 km

Secondary school | Independent

Pulteney Grammar School

1.2 km

Combined school | Independent

University Senior College at Adelaide University

1.3 km

Secondary school | Independent

Gilles Street Primary School

1.3 km

Primary school | Government

Temple Christian College

1.4 km

Combined school | Independent

Christian Brothers College - Junior Campus

1.8 km

Combined school | Independent

Annesley College

1.8 km

Primary school | Independent

St Dominic's Priory College

2.1 km

Combined school | Independent

St George College

2.1 km

Combined school | Independent

Christian Brothers College - Senior Campus

1.5 km

Secondary school | Catholic

Adelaide Botanic High School

1.6 km

Secondary school | Government

Ladybird Manor Montessori Early Learning

0.3 km

City West Child Care Centre

0.2 km

Grey Ward Children's Centre

0.6 km

Grey Ward Children's Centre

0.7 km

* Approximate straight-line distances

Frequently asked questions

How well‑served is the location by public transport?

Situated in the heart of Adelaide, the unit benefits from Adelaide Metro’s extensive bus, train and tram network, providing easy connections to the city’s main railway station and airport

What types of neighbouring businesses could support a new retail or hospitality venture here?

The site is surrounded by hostels, hotels, theatres, the Adelaide Fringe Festival venue and the Adelaide College of the Arts, creating a lively environment for customers and visitors

Is the property located within Adelaide’s central business district?

Yes, 509/185 Morphett Street sits in central Adelaide, close to landmarks such as Light Square, Hindley Street and the Queen’s Theatre

What nearby amenities could enhance foot traffic for a business at this address?

Proximity to backpacker hostels, the Adelaide Central YHA, popular cafés, the Adelaide Fringe Festival and several performance venues ensures steady pedestrian flow

What advantages does the location offer for a service‑oriented company?

Being centrally located means quick access to government and financial institutions, as well as easy visibility to the city’s dense commercial and cultural activity

How might the surrounding cultural events impact commercial prospects?

Events such as the Adelaide Fringe Festival and regular performances at nearby theatres draw large crowds, providing seasonal boost opportunities for retail, food or entertainment businesses

Related profiles

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Root property

185 Morphett Street

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Suburb profile

Adelaide

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Street profile

Morphett Street

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