The campaign drew significant interest, with over 50 individual enquiries and three active bidders competing on auction day. The auctioneer was Sam Grover from Ray White.
"The property was ultimately purchased by a local owner-occupier, highlighting the growing appetite among business owners seeking strategic main road positions," Oliver Totani said.
395 Churchill Road is positioned 7.5km* from the Adelaide CBD, directly opposite the popular Costco-anchored mixed-use precinct.
The 855sqm* Urban Renewal Neighbourhood-zoned landholding, with a 321sqm* building, offered with vacant possession, presented a prime opportunity for repositioning or redevelopment.
Mr Totani said the result reflects ongoing confidence in Adelaide’s commercial property market, especially in the tightly held sub-$3 million bracket.
“Sub-$3 million owner-occupier properties on main roads continue to outperform. Growth in surrounding residential values is fueling commercial demand in this space,” Mr Totani said.
“With continuing uncertainty in the equities market, we expect increased capital flows from private investors, particularly targeting these types of opportunities.”
The local vendor was pleased with the competitive result, achieved through a fully exposed marketing campaign.
“This was a strong outcome, driven by a well-executed strategy and high-quality enquiry,” Mr Totani said.
As urban renewal corridors across metropolitan Adelaide continue to evolve, commercial offerings like 395 Churchill Road remain highly sought-after by both owner-occupiers and private investors seeking long-term growth potential.
