The property is situated approximately 4 kilometres north east of the Adelaide GPO. The land is zoned Town Centre.
The property comprises a 9 level suburban office building constructed as 2 separate wings, linked via a central walkway and service core to form a "H" shaped building.
The building is currently fitted out for office accommodation and includes a staff cafeteria and various conference and meeting rooms on the ground floor. Onsite parking for 206 vehicles is provided adjacent to the building.
•The land parcel is essentially triangular in shape and faces Warwick Street and Victoria Terrace, together with a right of way on its northern boundary which joins the two streets.
•The site area is approximately 1.196 ha.
•The building in its current configuration has a gross floor area of approximately 18,000sqm.
•The grand structure provides a unique and rare opportunity for entrepreneurs to "unlock" its next lifecycle and a myriad of development options (subject to usual statutory consents).
•These options could include, amongst others, complete demolition to create a "Greenfield" development outcome or more likely conversion of the building to one or a combination of:
•Residential apartments, residential aged care facilities, retirement housing/senior living, student accommodation, community uses, commercial office accommodation, medical, "affordable" housing, ground floor retail to name just a few.