_Retail shop in the Adelaide CBD’s Gawler Place up for sale
The 509sqm ground floor property at Unit 8, 55 Gawler Place is situated on a prime CBD corner steps from Rundle Mall and major city thoroughfares.
Positioned within Adelaide’s core pedestrian retail network, Gawler Place acts as a key north–south thoroughfare linking Rundle Mall, Hindley Street, Victoria Square, and King William Street.
The property is being taken to the market via an Expressions of Interest campaign run by Belle Property Commercial agents Lyndon Cocks and David Buenfeld in conjunction with Chet Al and Harrison Grice of Knight Frank.
Mr Cocks said: “Opportunities of this calibre within Adelaide’s tightly-held CBD retail core don’t often come to the market.
“Gawler Place continues to outperform as a high traffic pedestrian link, and long-term leases to established global brands like Daiso make this a compelling investment for those seeking security and strong future growth.
“Adelaide’s Rundle Mall precinct continues to demonstrate strong rental performance, low vacancy rates, and long-term capital growth.”
Mr Grice said Daiso, which is one of the world’s largest and most recognisable discount variety brands, had committed to occupy the Gawler Place shop for at least another five years.
“This asset offers a coveted combination of location, tenant strength and consistent footfall.
“Its position adjacent to major retailers and within steps of Rundle Mall provides unparalleled exposure, underpinning the strong fundamentals that investors are actively pursuing in the current market.”
Neighbouring retailers to the unit at 55 Gawler Place include Chemist Warehouse, National Pharmacies, Officeworks, the redeveloped City Cross Arcade, and banks including Bendigo Bank, which collectively generate additional pedestrian flow past the property.
Rundle Mall is the undisputed heart of shopping in Adelaide and the largest pedestrian retail mall in Australia, forming the epicentre of the city’s retail, lifestyle and tourism economy.
The Expressions of Interest campaign for the property will close at 4pm Thursday 12 March 2026