Auction Location: 297 Payneham Road, Royston Park SA 5070
LJ Hooker Commercial Adelaide is pleased to present 297 Payneham Road, Royston Park to the market for sale by Public Auction.
Occupying a substantial landholding along one of Adelaide's key inner-eastern arterial corridors, the property presents an opportunity to acquire a fully leased commercial investment combining diversified income, significant street exposure, longer-term value-add potential and significant underlying land value.
The investment is fully leased across four tenancies, generating a combined net passing income of approximately $122,079.39 per annum, with all leases structured on a net basis. The tenancy profile provides diversification across the asset, with lease expiries extending through to September 2032 and further options applying to each tenancy.
Payneham Road is undergoing continued redevelopment and repositioning, with multiple sites along the corridor being upgraded or redeveloped for higher-density residential, mixed-use and commercial outcomes. This ongoing investment is progressively strengthening the corridor, supporting increased residential density, improved amenity and continued demand for retail, hospitality, professional and service-based accommodation.
Key Property Highlights:
• Substantial 1,900 sqm landholding*
• 43.16m* frontage to Payneham Road
• Total building area of approximately 455 sqm*
• Fully leased investment
• Net passing income of approximately $122,079.39 p.a.* as at 1 October 2026
• Diversified tenancy mix with lease expiries extending to 2032
• Shared on-site car parking
• High-profile exposure to approximately 33,300 vehicles daily
• Zoned Suburban Main Street – SMS
• Potential longer-term value-add/repositioning opportunities (STCC)
• No stamp duty on commercial transactions in South Australia
Open inspection times:
29/09/2026 between 11:30 a.m. and 12:00 p.m.
6/10/2026 between 11:30 a.m. and 12:00 p.m.
15/10/2026 between 11:30 a.m. and 12:00 p.m. (prior to the auction)
For Sale via Public Auction on-site, Friday 15/10/2026 at 12:00 p.m.
For further information or to arrange an inspection, please contact the exclusive selling agents.
Mario Bonomi – 0412 080 993
Mark Tettis - 0433 139 892
Claude Buccella – 0419 394 110
*Approximate.
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA 231 015
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