162-164 Wakefield Street & 139 Ifould Street
Adelaide, SA 5000
Map of 162-164 Wakefield Street & 139 Ifould Street
2 CBD Development Sites “diamond in the rough” opportunity
- Frontages to Wakefield & Ifould St
- Zone Capital City
- Fabulous multifaceted opportunity
Considerations and features of this offering:
• Unlock enormous potential to capitalise on the recent landmark developments of the Calvary Adelaide Hospital, apartment and commercial towers in Wakefield and adjacent Flinders Streets. All within walking distance to the citys major precincts CBD, Rundle Mall, Central Market, East End, Adelaide Uni, Uni SA East Campus and Adelaide’s new Space Agency.
• Well suited for commercial, hotel, accommodation or apartment development within the developing City East.
• Combined site area of 738.5sqm* | Wakefield St – 413sqm*, Ifould St – 325.5sqm*
• Two street frontages offering versatile built form options. Adjoining heritage church offers potential to exploit a wider vistas on higher levels and unique ground floor association.
• Capital City Zone provides an opportunity for construction up to 53m, approximately 16-17 levels.
• The properties are currently utilised as a public carpark which is leased by Park Fast providing a valuable gross income of $70k + and subsequently a positive holding income of $50k +. The agreement allows for 6 months’ notice to terminate and proceed to develop the property.
Property ID: 503336882Last Updated: 6 Dec 2019