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  • 172 Payneham Road, EVANDALE, SA 5069

172 Payneham Road, Evandale, SA 5069

  • Floor Area:
    405sqm
    Land Area:
    702sqm
    • For Sale

      In excess of $1,800,000 - Closing 4th June 2025

      UNIQUE HISTORIC LANDMARK INVESTMENT WITH LONG-TERM INCOME STREAMS

      Raine & Horne Commercial are pleased to present an exceptional investment opportunity with this historic landmark property; a beautifully preserved character church converted into a vibrant retail space. Situated on approximately 702 sqm of land with around 405 sqm of building area, this unique property offers both charm and commercial appeal. The property features two reliable income streams: the Adelaide Bridal Emporium leasing the main building until January 2029, and a long-term lease with Vodafone for the tower atop the property extending to 2040.

      • Historic landmark with character-rich architecture, ideal for retail or hospitality usage

      • Approx. 702 sqm land parcel with 405 sqm of versatile building space

      • Dual income streams: Adelaide Bridal Emporium (until Jan 2029) and Vodafone (until 2040)

      • Total net income of $113,667, with upcoming rent reviews in June 2025 and July 2025

      • Prime location with significant historical and commercial appeal for future growth

      • Carpark at rear

      For Sale by Expression of Interest closing Wednesday 4th June 2025 at 4pm unless sold prior.

      If you would like further information or to view the property, please contact the agents to arrange an inspection.

      Michael Kourbelis 0452 239 633

      Simon Winter 0419 828 689

      RLA 283100

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      avatar Michael Kourbelis
      Michael Kourbelis
      Sales & Leasing Executive
      avatar Simon Winter
      Simon Winter
      Director Raine &Horne Commercial and Business

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L34208059
      • Property Type:Retail
      • Building / Floor Area:405 sqm
      • Land Area:702 sqm
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