M1 Centre, 195 North Terrace Adelaide, SA 5000
0.43ha (1.07 acres)
Tenanted Investment Details
Spectacular North Terrace Adelaide CBD office investment
M1 Centre comprises a magnificent 12 level commercial office tower incorporating two state of the art residential penthouses with exceptional views over Adelaide’s premier boulevard, and at the gateway to Adelaide’s major retailing precinct Rundle Mall.
We highlight the key features below:
• 12 level office tower incorporating spectacular penthouse apartment
• Prime corner location on North Terrace and Gawler Place, the gateway to Rundle Mall
• New tram stop linking to Lot Fourteen and Adelaide’s national Space Agency
• Estimated net passing income circa $1,542,015 pa
• Lettable area circa 4,348sqm excluding the residential apartments
• Two rooftop penthouse apartments (one three bedroom, one two bedroom)
• Prominent ground floor retail incorporating international retail tenants
• Quality commercial office accommodation with staggered lease expiry profile
• Huge potential for signage rights and branding
• Ability to enhance existing cashflow by active leasing and re-positioning the asset
• Future redevelopment potential given no prescribed height limit
• Adelaide is on the cusp of a massive infrastructure spend including $90bn of Australia’s defence spend spread over a 40 year period which will lead to 10,000 jobs at its peak
M1 Centre provides astute purchasers the opportunity to acquire a sensational property on one of the most tightly-held strips in the Adelaide CBD and we strongly endorse this asset for your serious consideration.
For sale by Private Treaty.
For further information please contact the exclusive selling agents.
JLL RLA 1842
Property ID: 503135794Last Updated: 21 May 2019