The closure of iconic retail store Trims, unlocks arguably Adelaide's best CBD development site.

Located on the corner of Carrington Street, and enjoying rear access from George Parade, the property is located at 322-336 King William Street, Adelaide.

This is the pre-eminent court's precinct of Adelaide, literally a stone's throw to Victoria Square - the home of the Magistrates' Court, Supreme Court, Federal Court and Coroner's Court. Legal chambers dominate office buildings in the area, and the State Government has recently called for Expressions of Interest from parties interested in developing a new Courts' Building on the corner of King William Street and Wright Street.

Adelaide's tram passes directly by the Trim's Building linking the precinct with Glenelg, Victoria Square and Port Road, Hindmarsh.

Potential holding income may be generated by dividing the ground floor into multiple retail tenancies whilst the long term vision of the site is likely to see complete redevelopment of the property. Options may include commercial offices, residential apartments, short term visitor accommodation, student accommodation, services apartments, hotel, retirement living or a mixed use development. All uses will of course be subject to normal statutory consents.

Key property highlights:

> Prime corner position with rear access
> Estimated site area 1,490sqm*
> Over 48* metre frontage to King William Street
> Existing use rights for 'retailing'
> Incredible development opportunity
> Capital City Zoning contemplates 53 metre height limit (subject to consent).

* Approx.

For sale by Expressions of Interest closing 4pm Friday 15 November at the offices of Jones Lang LaSalle.

To undertake an inspection of the property, or for more information please contact sole agent Jones Lang LaSalle.

Jones Lang LaSalle RLA1842