202/2 Curtis Road
Munno Para, SA 5115

Overview

Brand New Metro Adelaide Freehold in South Australia's Fastest Growing LGA

This commercial property offers a prime investment opportunity located at Lot 202/2 Curtis Road, Munno Para, within the rapidly growing metropolitan area of Adelaide, South Australia. The property is being offered for sale via an investment portfolio auction, presenting a unique chance to acquire a brand new freehold asset in one of South Australia's fastest expanding local government areas.

The key features of this property include a brand new seven-year lease agreement extending to January 2033, with options available up to 2039. The tenant, North Kitchen, is a well-established and popular cafe and restaurant operated by an experienced hospitality professional with over 15 years of industry experience across Australia. The lease arrangement includes personal director guarantees and a substantial security deposit, providing strong financial security for the investor.

Rent is set to increase annually by a fixed rate of 3.5%, ensuring guaranteed growth in income. The tenant is responsible for all usual outgoings, including rates, insurances, and management fees, which further enhances the investment's appeal. The property itself comprises a brand new 277 square meter freestanding restaurant building, constructed in 2026, featuring outdoor alfresco dining facilities that add to the venue's attractiveness and customer appeal.

The site occupies a high-profile 1,095 square meter freehold land parcel, which includes ten sealed and lined car parking spaces on title, an important amenity for both customers and staff. The location benefits from direct exposure to the busy Main North Road, which experiences over 44,100 vehicles passing daily, providing excellent visibility and accessibility.

The property is situated within a new Local Freestanding Retail (LFR) centre that hosts a variety of well-known retailers and services, including RSEA, BCF, Sydney Tools, Petbarn, Nando's, Zarraffa's, Zambrero, and others, creating a vibrant retail environment that attracts significant foot traffic.

Additionally, the site is located just meters from Playford Alive, one of Australia's largest urban renewal projects, which is projected to accommodate 40,000 residents upon completion. Munno Para itself is a booming suburb within metropolitan Adelaide, with population forecasts indicating a surge of 146% by 2046. The City of Playford, the local government area, is recognized as the fastest growing in South Australia, with an expected population growth of 65% by 2041.

Investors will also benefit from strong depreciation advantages associated with this brand new asset. Furthermore, there is no stamp duty payable on this transaction, enhancing the financial attractiveness of the purchase.

The property currently generates a net income of $131,575 per annum plus GST, providing a stable and secure income stream. The sale will be conducted via an investment portfolio auction scheduled for 10:30am AEST on Wednesday, 13 May 2026, at the Garden Room, Crown Casino, Melbourne.

This offering represents an exceptional opportunity to acquire a high-quality commercial freehold asset in a prime location with strong tenant covenants, secure lease terms, and excellent growth prospects in one of South Australia's most dynamic growth corridors.

References for demographic and traffic data include GapMaps, Playford Alive project information, Profile.id, and Plan SA.

Location