Luxury Adelaide ‘man cave’ sold within four days

Fellas, we hate to be the bearers of bad news but if you had your eye on this Adelaide man cave, you’ve missed out.

The brick warehouse turned luxury man cave at 24 St Helena Place was snapped up within four days of hitting the market for a million-dollar price.

An unconditional deal was penned on Friday after the property hit the market on Monday night.

It is one of several properties that have been snapped up within days of being listed in recent weeks.

It fetched more than its $1.195 million price tag. Pic: realcommercial.com.au

A Mile End cottage sold in a cash unconditional sale just 12 hours after hitting the market, fetching almost $20,000 more than its price guide.

Two more properties, one at Seacliff and another at Lightsview, also went under contract after four days on the market.

McGees Property Adelaide agent Simon Lambert says COVID-19 isn’t scaring all buyers and sellers off.

He says they received more interest than expected for the Adelaide warehouse so asked prospective buyers who hadn’t yet made an offer to do so.

It was being used as a luxury man cave for 10 years prior to selling. Pic: realcommercial.com.au

“We put it online Monday night and we had inspections throughout the week – lots of people came through twice,” he says.

“We gave everyone until Thursday night to submit their offers.

“We had some of Adelaide’s prominent developers looking at it and we had people looking at it for a coffee shop and venue.”

Lambert wouldn’t reveal the sale price but says it fetched “well above” the $1.195 million asking price.

Its sleek fit-out attracted prospective buyers in droves. Pic: realcommercial.com.au

He says a local development firm bought it, drawn to its sleek interior, and planned to use the space as an office.

The 368sqm warehouse has been used by several businesses over the years but most recently served as a luxury man cave.

“It’s a place where (the owners) have kept their cars, and they set up a great, big bar and lounge,” Lambert says.

Property records show it last sold in November 2010 for $975,000.

This article from The Advertiser originally appeared as “Adelaide warehouse turned luxury man cave snapped up four days after hitting the market”.