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JLL - Adelaide
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The Village, 210 Grote Street Adelaide, SA 5000

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For Sale - Expression of Interest

The Village, 210 Grote Street Adelaide, SA 5000

Hotel & Leisure • Other • Offices
Sale Price

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Land area

0.53ha (1.32 acres)

Floor area

11600.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Leased Investment

Long term lease to Adelaide University with potential value add opportunities.
 
The Village comprises a 405 bed student accommodation facility configured across 96 apartments exclusively leased to The University of Adelaide under a long term agreement. 
 
Located in the Adelaide CBD, the asset is situated within proximity to The University of Adelaide, University of South Australia, Flinders University City Campus, Torrens University, Adelaide Central Market, Chinatown, Rundle Mall and the Royal Adelaide Hospital.

This impressive property has a site area of over 5,333sqm* and a gross building area in excess of 11,600sqm*.
 
Key Highlights:
•  A significant inner-city campus site of 5,333sqm* with an estimated building area of 11,600sqm*
• 100% leased to The University of Adelaide on 10+5+5+5 year lease commencing in 2014
• 96 apartments configured to provide 405 beds
• Secure basement car parking for 76 cars
• Estimated Net Passing Income of $3,535,274 pa*
• Opportunity for future strata/community titling subject to usual consents.
 
Expression of Interest closing 3pm (AEST) Thursday 15 August 2019

*approx

JLL RLA1842

Additional information

External websites

Property ID: 503254694Last Updated: 23 Jul 2019

JLL - Adelaide
The Village, 210 Grote Street
Adelaide, SA 5000
Jamie Guerra
Roger Klem

JLL - Adelaide

25 Grenfell Street
ADELAIDE, SA 5000

Agency contacts

JLL - Adelaide

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JLL - Adelaide

25 Grenfell Street
ADELAIDE, SA 5000
Savills - Sydney CBD

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Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000
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Jamie Guerra

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Jamie Guerra
JLL - Adelaide
The Village, 210 Grote Street Adelaide, SA 5000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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