Offered to market exclusively by RWC Adelaide's Oliver Totani and Harry Einarson in conjunction with Matthew Lane from Dulwich Lane, the landmark property sits on a 2,039sqm* corner site at the gateway to some of Adelaide’s most prestigious residential suburbs.
Currently fully leased to a strong mix of national tenants including Zen Energy, CRA Building Services, Burbank Homes and MAC Trade Services, the asset delivers a net income of $666,919* plus GST as at 1st May 2025.
It is Adelaide’s only fringe market office building boasting a 6 Star NABERS Energy rating.
Mr Totani said the offering was expected to attract significant interest from investors looking for premium metro-fringe opportunities.
“This is arguably the most well-known office building on the Adelaide Fringe," Oliver Totani said.
"It’s a prominent gateway site with not just a strong income profile but also significant underlying land value and future development potential."
The substantial 2,048sqm* building offers more than 70 on-site car parks and sits within the Urban Corridor (Boulevard) Zone, allowing for mixed-use redevelopment of up to seven storeys (STCA).
Matthew Lane said that metropolitan and fringe office assets had continued to perform strongly, despite broader disruptions to CBD office markets.
“Unlike the CBD, well-located office buildings in the fringe and metro markets have remained resilient through the work-from-home movement. Investors recognise that assets like 134 Fullarton Road tick all the key fundamentals; location, tenant quality, strong land value and future flexibility,” Mr Lane said.
The property is being sold by a local private family office, who have owned it for more than a generation.
"With the building fully leased to a national tenancy mix, investors should be buoyed by its low-risk income profile," Mr Totani said.
"It’s a premium office investment today, but it’s the significant landholding and long-term planning flexibility that truly underpin the opportunity."
Adding to its appeal, buyers will benefit from South Australia's no stamp duty policy on commercial property transactions.
