205 Halifax Street, Adelaide
Wide market interest is already being shown for a very rare modern Adelaide CBD office building with integrated warehousing, on a large landholding with development upside.
McGees Property’s Phillip Joncheff, James Juers, Simon Lambert, and Daniel Scinto are marketing 205 Halifax Street on behalf of a local private investor. In excess of $15 million is tipped.
Expressions of Interest close Wednesday, 10 June 2026 at 4pm (ACST).
On 2,920sqm of land, the property comprises 2,959sqm of commercial building area arranged across 1,765sqm over three levels of modern office space, and 1,194sqm of functional warehouse accommodation. It offers excellent natural light, contemporary finishes, and outdoor breakout areas and there is generous on-site parking for 60 vehicles.
The property holds a 5 Star NABERS Energy Rating and is zoned City Living.
It is being marketed with a lease until the end of November with no further options to Consolidated Power Projects Australia Pty Ltd, returning $1,092,160.52 per annum plus outgoings and GST.
“This is a very rare opportunity to secure a future-proofed headquarters-style facility with operational flexibility in an established inner-city location,” Joncheff said.
“The soon-to-expire lease with no further options presents a clear pathway to occupation, and a corporate-grade office environment with strong staff amenity and ancillary space is a format increasingly difficult to secure within the CBD and city fringe market,” Joncheff said.
Juers said broad private investor interest has been shown given the depth of demand for centrally-located bases, which would likely lead to upwards pressure on rents.
“Integrated warehousing, the 5-star NABERS Energy rating and extensive on-site parking make this property particularly compelling for businesses seeking a CBD home,” he said.
Lambert noted that City Living zoning permits development up to three levels, and allowing for a broad range of uses.
“Land bankers and developers have the chance to benefit from a strong income stream while assessing their plans for the site, which represents one of the largest Adelaide CBD landholdings that will come to the market in 2026.”
Development outcomes range from residential, co-living and retirement living through to office, education and childcare uses.
“People are wanting to live, work and play in well-connected, lifestyle-rich locations, underpinning demand for a range of development product,” Lambert said.
The site is in close proximity to multiple cafés, King William Street retail, and the Adelaide Central Market and Chinatown precinct, supporting strong daily amenity for occupiers, and is near adjoining parklands and close to Victoria Park, expansive open space and recreational amenity along South Terrace and Hutt Street.
Importantly, the site offers excellent public transport and road connectivity.
“Direct bus services run along Halifax Street, there are high frequency routes along King William Street, and the nearby Victoria Square interchange, and tram and O-Bahn connections service the wider metropolitan network,” Scinto said.
Juers had negotiated the sale of the site in 2007 when it was occupied by Openbook Australia, before it was redeveloped into the corporate office building it is today.
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