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245-259 Gilbert Street Adelaide, SA 5000

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For Sale

245-259 Gilbert Street Adelaide, SA 5000

Development Sites & Land
Sale Price

$5,600,000

Land area

2862.0m²

Floor area

2012.0m²

Tenure type

Tenanted Investment

4 STREET FRONTAGES, DEVELOPMENT POTENTIAL AND HOLDING INCOME

  • Massive island site of 2,862sqm*
  • Current net income of $185,674pa*
  • Imputed net income $300,674pa*

CBRE are delighted to bring to market this rare and ideally located development opportunity. Situated in the South-Western corner of the CBD, this large site comprises of a total of 2,862 sqm* on a single certificate of title and offers a rare and fantastic opportunity for a developer to leave their mark on a transforming area of the CBD. With the parklands a stone’s throw away this property is ideally suited to a future medium to high density residential development.

- Zoned City Living Zone (33) South West Policy – Adelaide City Council

- Building NLA of 2,012sqm* split into three tenancies

- Four street frontages providing great flexibility and accessibility to future developments

For Sale by Private Treaty $5,600,000

For further information please contact exclusive marketing agents CBRE:

Harry Einarson - 0421 747 442

Mitch Curnow - 0415 494 056

Rhyce Scott - 0422 960 585

RLA 208125 *approx.

Property ID: 503005386Last Updated: 14 Apr 2019

245-259 Gilbert Street
Adelaide, SA 5000

Agency contacts

CBRE - South Australia (RLA 208125)

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CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street
ADELAIDE, SA 5000
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Send to:

Harry Einarson
CBRE - South Australia (RLA 208125)
245-259 Gilbert 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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  • Harry Einarson

    CBRE - South Australia (RLA 208125)
    +614 *** ***
  • Rhyce Scott

    CBRE - South Australia (RLA 208125)
    +61 *** ***
  • Mitch Curnow

    CBRE - South Australia (RLA 208125)
    +61 *** ***