Rare asset with development potential in Adelaide’s tightly held inner east brought to market by Colliers.
A beautifully maintained character office building in the heart of Norwood is being brought to market by Colliers with price expectations starting from $1.7 million plus, offering a rare opportunity to secure a freehold asset in one of Adelaide’s most tightly held precincts.
The property at 39 Beulah Road, Norwood comprises approximately 196sqm of building area on a 540sqm landholding, with onsite parking for six vehicles, dual street access and no heritage listing, allowing for future value-add flexibility. The asset is securely leased to BRB Partners Pty Ltd until November 2026, generating a holding income of $40,526 per annum.
Strategically located just 250metres from Fullarton Road, the property connects to Adelaide’s key arterial roads including The Parade, Magill Road, Payneham Road and Osmond Terrace. Zoned Suburban Business within the City of Norwood, Payneham and St Peters, the site offers strong development or owner-occupier potential.
Alistair Mackie, National Director, Capital Markets & Investment Services at Colliers, said, “39 Beulah Road presents a rare chance to secure a foothold in one of Adelaide’s most tightly held precincts. With no heritage restrictions and a secure income stream, this asset offers a compelling blend of character, location and future upside. Opportunities like this in Norwood are rarely seen on the market.”
Rhys Newman, Associate Director, Investment Services, added, “Norwood continues to attract strong investment interest, underpinned by major developments such as COMO, ORTA and Norwood Green. South Australia’s economic resilience and strategic focus on future industries make it an increasingly attractive destination for investors. This property is perfectly positioned to benefit from the ongoing growth and vibrancy of the inner east.”
Located just 2km from the Adelaide CBD, and within close proximity to St Peter’s and Prince Alfred Colleges and The Parade retail precinct, the property is surrounded by premium amenities, making it a standout investment in one of Adelaide’s most desirable suburbs.
39 Beulah Road, Norwood is offered for sale by Public Auction onsite Thursday 7 August 2025 at 1pm (ACST).
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