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Retail For Sale found in ADELAIDE (METROPOLITAN), SA



- Iconic centrally located CBD office building together with rare 5 level car park
- Strategic corner site of 1,469m2* with vast potential for additional income and future use
- Extensive refurbishment and Capex work already undertaken
- National tenants including Jetts fitness Australia and law firms Gilchrist Connell and Sparke Helmore
- NABERS 3 stars with scope for 4.5 stars
- Genuine development/investment upside
- 5 level car park comprising ground retail and 4 upper levels of parking with development potential for 11 storeys of apartments.
- Building area of 6,017.6m2* comprising 7 levels of office (average floor plate 695m2*), Basement and ground floor retail
Astute purchasers will recognise the benefits of a significant upside of this offering including outstanding development options for the site which, subject to normal statutory consents, may include;
- Major Sky Scraper (future development) - of 30+ floors comprising Premium office accommodation, additional car parking and 2 floors of Penthouse apartments.
- Improving NABERS stars- by securing tenants for the remaining 2,358sqm*, we have been advised by a renowned energy specialist that the building could achieve a 4.5 to 5 NABERS.
- Whether for short to medium term redevelopment of the site, medium term speculation in this tightly held precinct or some other option for the site is easy to recognise the trophy nature of the property amongst some of the most tightly held real estate in the Adelaide CBD.
For Sale by Expressions of Interest closing 5pm (ACDT) Friday March 3rd 2017
Con Kavooris:
0411 883 338
RLA: 231015

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Price: Price on Application    Building: 6110m²    Occupancy: Vacant


Investment | Retail

LJ Hooker Commercial, as the exclusive agent, is delighted to offer for sale the 100% freehold interest in 75-79 King William Street, Adelaide, via an international Expression of Interest campaign closing 4pm, Friday 11 November 2016.
Key property highlights include:
- Absolute prime CBD corner site with rare 3 street frontages
- Freehold 7 level office building plus basement totalling 3,584 sqm NLA
- Vibrant CBD location with excellent transport links and amenities
- Prominent ground level retail
- Strategic location sited on $14.6 million CBD laneways improvement scheme
- Strong holding income from Government tenant
- Flexible Capital City Zoning (Policy Area 13) with no prescribed height limits
- Multiple conversion possibilities
- An excellent investment with opportunities to redevelop or reposition to an alternate use (STNC)
- BEEC/NABERS exempt
This is a true generational asset, occupying one of Adelaide's best core CBD locations in the absolute centre of the city's burgeoning growth corridor. 75 King William Street is underpinned by a number of short, medium and long term value-add opportunities including refurbishment or total redevelopment to take absolute advantage of the location and the flexible zoning options. This really is a once in a lifetime opportunity!
All Expressions of Interest are to be submitted in writing to LJ Hooker Commercial Adelaide by 4:00 pm (AEST) Friday 11th November 2016.
For more information or to request an Information Memorandum please contact the following representatives of LJ Hooker Commercial:
David Buenfeld
0416 045 675
Lyndon Cocks
0438 849 650
Romualdo Cicchiello
0412 710 348
RLA 231 015

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Price: UNDER CONTRACT!    Building: 3584m²

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.

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