22-24 Gilbert Street,
Adelaide, SA 5000
Development Sites & Land • Shops & Retail • Offices
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Map of 22-24 Gilbert Street
PRIME DEVELOPMENT ALLOTMENT IN ADELAIDE'S SOUTH END : CORNER SITE OF 760 M2* IMPRESSIVE HOLDING INCOME - UP TO 53M HEIGHT DEVELOPMENT (STCC)
Raine & Horne Commercial SA are proud to offer for sale this exceptional potential development site in Adelaide's CBD location.
Located meters from the GPO, law Courts, Central Market and a short walk or tram ride to Adelaide's premier shopping precinct, Rundle Mall and Adelaide Oval.
The property comprises prominent corner allotment of approximately 760 m2 with a frontage to Gilbert Street of 24.69 m and a frontage to Tapley Street 0f 30.78 m.
Currently leased to Prohibition Liquor Co Pty Ltd for s term of 5 + 5 + 5 years commencing 1st August 2019. The lease has a development clause which can be exercised after July 2026 providing ample opportunity for planning approvals etc whilst collecting good holding income (circa $100,000 pa net).
Zoning: Capital City Zone allowing up to 53m height development (subject to usual consents)
*All areas/dimensions approximate
RLA 283100
Located meters from the GPO, law Courts, Central Market and a short walk or tram ride to Adelaide's premier shopping precinct, Rundle Mall and Adelaide Oval.
The property comprises prominent corner allotment of approximately 760 m2 with a frontage to Gilbert Street of 24.69 m and a frontage to Tapley Street 0f 30.78 m.
Currently leased to Prohibition Liquor Co Pty Ltd for s term of 5 + 5 + 5 years commencing 1st August 2019. The lease has a development clause which can be exercised after July 2026 providing ample opportunity for planning approvals etc whilst collecting good holding income (circa $100,000 pa net).
Zoning: Capital City Zone allowing up to 53m height development (subject to usual consents)
*All areas/dimensions approximate
RLA 283100
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Adelaide, 5000 demographic data
The median household income for Adelaide is $1,365, 12% lower than Greater Adelaide's household income of $1,548. Adelaide has a younger age profile compared to the rest of Greater Adelaide (median age 31 vs 39). Property ownership data shows 43% of property owners in Adelaide have a mortgage.
18,202
Population
$1,365 per week
Median household income
31 years
Median age
Renters
Most residents
Singles
Most households
Raine and Horne Commercial and Business
8 Greenhill RoadWAYVILLE, SA 5034
04121276...
22-24 Gilbert Street
Adelaide, SA 5000
Raine and Horne Commercial and Business8 Greenhill Road
WAYVILLE, SA 5034
WAYVILLE, SA 5034
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