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172 Grote Street, Adelaide SA

Properties / Buy / South Australia / Adelaide Cbd

Development Potential

1. Property Summary

Property Type

Commercial, Industrial, Residential, Mixed Use

Sub Type

Office

Land Area

min - 450, max - 898 m² (*approx)

Zoning

Capital City Zone

53 Metre Height Limit

Local Government

City of Adelaide

Selling Method

Expressions of Interest: Contact Agent

DOCUMENTS AVAILABLE

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2. Property Highlights

CBD Development site of 898sqm*

Three Street Frontages
Three tenants generating holding income
Capital City Zone - 53m Height Limit

Magnificent future development site situated between the Adelaide Central Market and University Campus, currently disposed as two separate buildings, each fully leased and generating significant holding income.

Located just 550metres* west of Victoria Square, on the premier boulevard from Adelaide Airport to the City, the property is surrounded by Student Accommodation, Residential Apartments and retail showrooms.

The first time offered on the open market in decades, this is a rare opportunity to secure a strategic landholding in the popular north western quadrant of the City.

Available for purchase either in one line, or individually, each property is secured by strong income streams, with the opportunity to unlock a future development through triggering redevelopment clauses. Each lease is structured on a net basis, with the tenant responsible for the payment of outgoings (excluding State Land Tax).

South Australia's unique advantage of No Stamp Duty payable on commercial conveyances will add to this attractive and exciting opportunity.

All areas and distances approximate.

For sale by Expression of Interest closing 4pm 17 October 2024.

To access a copy of due diligence information, including leases, titles, zoning and floor plans, please contact Roger Klem 0423919373 roger@klemcoproperty.com.au RLA315097

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