
Drakes Semaphore
16-24 Semaphore Road, Semaphore, SA, 5019, AU
2,271 sm
JLL is pleased to exclusively present to market 115-123 Jetty Road, Glenelg SA. A premier commercial opportunity delivering a highly coveted dual investment profile: immediate, secure income paired with exceptional future development upside. This substantial landholding occupies a commanding position on Adelaide’s most sought-after coastal high street, generating a stable net income of $581,086 per annum* occupied by a diverse mix of established national and local covenants.
Anchored by Harris Real Estate, Australia's largest privately-owned real estate group, national fitness operator Anytime Fitness, alongside The Salvation Army, Amplified Accounting & Good Physio, the property delivers strong income diversification with a WALE of 2.92 years by income*.
Strategically positioned on Jetty Road, Adelaide's premier beachside retail and entertainment destination, just 500 metres from Moseley Square and Glenelg Beach, the property occupies an irreplaceable location within a tightly held precinct undergoing major council-led transformation.
The substantial 1,346sqm site* benefits from dual street frontages to Jetty Road (28m*) and Rose Street (49m*), plus 34-space rooftop car parking. The site carries Urban Corridor (Main Street) zoning, enabling mixed-use development up to six levels with significant medium-to-long-term capital appreciation potential.
A blue-chip coastal asset in a supply-constrained market, the property's value is underpinned by exceptional lifestyle amenity, strong tourism fundamentals, ongoing urban intensification, and completion of the council's multi-million dollar "Transforming Jetty Road Glenelg" streetscape upgrade program in H2 2026.
The property is offered for sale by Expression of Interest closing Thursday 1 October at 4pm (ACST).
For more information or to arrange an inspection, please contact exclusive selling agent JLL.
*Approx
JLL RLA 1842


