Knight Frank Capital Markets is excited to present for sale 20-22 Currie Street, 22-28 Peel Street and 27-37 Gilbert Place, Adelaide on behalf of our valued client.
Positioned in the absolute core of the Adelaide CBD, this catalyst development site comprises six (6) contiguous freehold allotments totalling 2,958 sqm*, with three (3) street frontages, no prescribed height limit, and unrivalled amenity and connectivity to Rundle Mall, Adelaide Oval, Adelaide Railway Station, Royal Adelaide Hospital, Adelaide’s Bio Medical Precinct, and Adelaide’s universities, in addition to Peel and Leigh Street’s vibrant laneway restaurants, bars and cafes.
While the site is ideally positioned for redevelopment, erected on the land are various improvements providing 5,037 sqm* of functional space.
Key property attributes:
- Extremely rare 2,958 sqm* strategic landholding within the absolute core of Adelaide CBD
- Immersed in the amenity of Adelaide’s entertainment precinct including Adelaide Oval, Casino, Festival Centre and Convention Centre
- Tightly held generational land holding ready for its true potential to be unlocked
- Multiple access points for greater accessibility and future density at the site
- Strong demand for mixed-use developments in this precinct, flexible zoning to suit multitude of uses with no prescribed height limit, potential for residential, build-to-rent, student accommodation, hotel/hospitality, commercial, health, education or mixed-use development (subject to statutory consents)
- Ability to purchase individually or ‘in one-line’
- Diverse built form of 5,037 sqm* allowing for potential adaptive re-use
- No foreign owner surcharge and zero stamp duty payable on commercial transactions in SA
To be sold with vacant possession - there are currently two (2) unformal periodic tenancies that would be open to negotiation with the incoming purchaser if the opportunity arose.
20-22 Currie Street, 22-28 Peel Street and 27-37 Gilbert Place, Adelaide, is offered to the market for sale ‘in one-line’ or individually via National Expressions of Interest, closing Wednesday, 8 November 2023 at 4:00 pm (ACDT).
For all the detail please don’t hesitate to contact the exclusive selling agents.
*Approx
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