Prime parkland fronting catalyst site or repositioning opportunity
Colliers is pleased to present the opportunity to purchase 135-140 East Terrace, Adelaide.
The property is undoubtedly one of the most premium development or repositioning site opportunities to be offered to the South Australian market in recent decades, with the following key attributes:
•Prime, parkland frontage location in the vibrant eastern CBD precinct
•Favourable City Living Zoning (East Terrace Subzone and Medium-High Intensity Subzone)
•Catalyst site providing scope for the maximum building height specified in zone to be exceeded
•Fully leased at $600,000 per annum (net) plus GST and all outgoings
•Strategic land holding of 3,264 square metres* across 2 Certificates of Title
•3 street frontages plus additional lane access
•Adaptable and well maintained healthcare improvements
•Zoned to accommodate medium density residential, mixed use, vertical retirement and commercial development (stnc).
This exceptional property will appeal to developers seeking a premium opportunity in one of Adelaide’s most prestigious residential precincts or purchasers seeking to reposition the high quality, well maintained healthcare improvements.
135-140 East Terrace, Adelaide is offered for sale by Expressions of Interest closing Wednesday 24th November 2021 at 3pm (ACST).
To arrange an inspection or for more information please contact Colliers as the exclusive selling agents.
*Approximately.
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