The property, which occupies a prominent triple-fronted 1,427sqm site along one of Adelaide’s main arterial routes, attracted more than 90 qualified enquiries throughout the campaign.
The auction saw 14 registrations and five active bidders, underscoring the depth of demand for quality commercial assets in high-exposure metropolitan locations.
Fully leased through 2028 to two established tenants, the property generates an estimated net income of $125,081 per annum plus GST, offering investors both security and strong future growth potential. Zoned Urban Corridor (Business), the site provides valuable four-level mixed-use development potential, supported by redevelopment clauses within both leases, ensuring long-term flexibility for repositioning or redevelopment.
“This was an exceptional campaign from start to finish,” said Oliver Totani, partner at RWC Adelaide. “The combination of secure income, outstanding exposure, and future development upside created significant competition and an incredible auction atmosphere.”
The marketing campaign incorporated targeted eDMs, press advertising, portal advertising and an on-site signboard, generating broad visibility and exceptional engagement.
Harry Einarson, partner at RWC Adelaide, said: “Nailsworth is continuing to evolve, and this result highlights the suburb’s growing appeal as a commercial hub. Its accessibility, coupled with the City of Prospect’s Lifestyle Precinct Masterplan, makes it a magnet for investors looking to secure well-located, future-focused assets.”
The successful purchaser was a private family that had been searching for a high-exposure site along Main North Road for some time, ultimately securing the property after a spirited round of competitive bidding.
Connor Melvill, executive at RWC Adelaide, added: “We were thrilled with the response. The strength of enquiry and the depth of active bidders demonstrate how tightly held this stretch of Main North Road has become. It’s a fantastic result for both the vendor and the area more broadly.”
