Prime Inner-East Office with Character, Flexibility and Future Potential

25 Payneham Road, College Park presents a unique acquisition for owner- occupiers and investors in a tightly held, high-performing market.

A rare and refined commercial opportunity is set to hit the market with the upcoming sale of 25 Payneham Road, College Park. This distinguished office property combines a beautifully preserved heritage façade with a sophisticated two-storey modern extension, offering a compelling proposition for both owner-occupiers and investors.

Currently leased to a long-standing tenant until November 2025, the property comprises approximately 605 sqm of premium office accommodation. It includes 18 on-site car parks, with dual access via Payneham Road and Hartford Lane, ensuring both convenience and functionality.

The original single-storey sandstone building, recognised as a local heritage place, has been meticulously maintained and thoughtfully integrated with a contemporary rear extension. Completed in 1980’s, the addition was designed with precision and care, creating a seamless blend of old-world charm and modern efficiency.

Internally, the property features a versatile layout tailored to meet the demands of today’s businesses. It includes a welcoming reception area, multiple private offices, large open-plan workspaces, meeting rooms, breakout areas, and well-appointed kitchen and amenity facilities. The design supports a range of business types and team configurations, making it ideal for professional services, creative industries, or boutique agencies.

Alistair Mackie, Colliers National Director of Office Capital Markets & Investment Services | South Australia, said, “What sets this asset apart is the rare combination of a beautifully preserved sandstone character façade with a thoughtfully designed contemporary extension. It’s a flexible, future-ready workspace that will appeal to businesses looking for a prestigious address or investors seeking a quality asset with strong re-leasing potential.”

“Adding to the property’s appeal are footings and architectural plans for a potential future expansion of approximately 152 sqm of additional office space (STCA), offering a value-add opportunity for forward-thinking buyers,” Mr Mackie added.

Located just 3 km east of the Adelaide CBD, College Park is one of the city’s most affluent suburbs, with a median house price of $2.2 million*. The property is surrounded by premium lifestyle amenities, including The Parade Norwood, Kent Town, Rundle Street, and North Terrace. It is also within walking distance of St Peter’s College, the Avenues Coles, and the iconic Maid and Magpie Hotel.

Claudia Brace, Senior Associate at JLL, commented, “College Park is one of Adelaide’s most sought-after suburbs, not just for its residential prestige but also for its connectivity and amenity. The property is surrounded by cafés, restaurants, and retail, with excellent public transport links right at the doorstep. It’s a location that truly enhances business presence and staff lifestyle.”

The area continues to benefit from significant investment, with nearby developments such as ORTA, Botaniq, Parkline, Norwood Green, and COMO contributing to the precinct’s ongoing transformation into a vibrant mixed-use hub.

25 Payneham Road, College Park is offered for sale by Colliers’ Alistair Mackie and Jordan Schmidt, together with JLL’s Claudia Brace and Tom Love, via Expression of Interest, closing Thursday 3 July at 3pm (ACST).