69-79 Gilbert Street
Adelaide, SA 5000
Key property information
Map of 69-79 Gilbert Street
Redevelop, reposition or occupy
Currently fully leased, significant scope for rental upside exists through refurbishment of the improvements. Alternatively redevelopment clauses in the leases ensure that opportunities for developers and owner occupiers are maximised.
Gilbert Street is widely recognised as one of the most appealing city living precincts in Adelaide with arguably the best walkable amenity in the CBD Frame. This appeal continues to be enhanced as further hospitality and lifestyle orientated businesses gravitate to this part of the city.
With a very high proportion of the anticipated sale price attached to the underlying land it is expected that a broad range of purchasers will recognise the strong fundamentals of this high quality investment.
Investment highlights include:
· 1,230sqm site (approx.) with two street frontages
· $209,000pa net passing income (approx.)
· Two storey office building with 823sqm lettable area (approx.)
· 16 undercover and secure car parks
· Potentially suitable for owner occupiers
· Short term redevelopment potential (stnc)
69-79 Gilbert Street is offered for sale by JLL and Knight Frank by Private Treaty.
Property ID: 502599414Last Updated: 18 Apr 2018