An Adelaide local private investor has snapped up a leased retail investment off market in Kensington Gardens, Adelaide for $5 million on a passing yield of 3.1 per cent.
Located at 365 Kensington Road, Kensington Gardens, the seven retail tenancies include a Post Office, Butcher, Real Estate Agent, beauty salon & chicken and chip shop. The property adjoins Romeo’s Foodland, a strong trading Eastern Suburbs supermarket.
The off-market sale was the final transaction in a portfolio of 3 Eastern Suburbs retail investments, which sold at an average yield of 3.76 per cent.
Jed Harley and Sam Alexander of Cushman & Wakefield negotiated the sale and said the portfolio in the heart of Adelaide’s East garnered a lot of local and interstate interest.
Sam Alexander said, “In a dynamic market where investors are carefully seeking strategic investments, the Eastern suburbs ticks a lot of boxes for secure long-term investment”.
Local private investors snap up off market retail investment in the heart of Adelaide’s East
Jess Freeman • 29/11/2022
How can we help?
Get in touch with one of our professionals.
Recent Media Releases
Supersite set to sell in Armadale’s Luxury Precinct
High Street in Armadale, long regarded as Melbourne’s premier luxury and lifestyle precinct, is set for a transformative opportunity with the listing of 1216-1230 High Street for sale.
Jess Freeman • 25/07/2025
Carlton’s largest development site transaction in a decade sold to SP Setia in $114m off-market deal
In a landmark transaction that underscores the enduring appeal of Melbourne’s inner-city development market, Malaysian property giant SP Setia has acquired Carlton’s largest development site in over a decade for $114 million.
Jess Freeman • 23/07/2025
Cushman & Wakefield expands Advisory+ Team in Canberra with two strategic appointments
Cushman & Wakefield has strengthened its Advisory+ platform in Canberra with the appointment of Danielle Cox and Liam Pryor, bringing deep expertise in strategic property advisory, infrastructure, and government consulting to the growing team.
Jess Freeman • 22/07/2025