96-100 Grote Street is a key part of the Chinatown Precinct in SA located directly opposite the Lions at the northern end of Moonta Street. With constantly active nightlife, plentiful street parking, and access to the main thoroughfares through the Adelaide CBD there is a lot on offer here for investors looking to secure a significant Adelaide holding.
This 767sqm* space is tenanted by Tangritah Uyghur Restaurant and Star Academy Dance Studio paying $159,457* net per annum. With strong holding income already in place 96-100 Grote Street is an ideal investment for groups looking for future flexibility.
With the upcoming Market Square redevelopment just across the road, there will be a huge uplift to the local area with a modern quality office space, retail market ‘hub’ and a hotel and apartment offering all in the one spot. The $400,000,000 price tag will be sure to have run-on affects to the immediate area and we expect 96-100 Grote Street will see benefit.
Key investment highlights include:
- Multi tenanted Chinatown investment
- Estimated net rental of $159,457*
- 1,450sqm* corner site
- 8* on site car parks
- Capital City zoning for 53meters
- Perfectly positioned near the planned ‘Market Square’ redevelopment
- Expansion opportunities in current tenancy mix
For sale via Expressions of Interest closing at 4:00pm on the 30th of September
Jing Jun (JJ) Heng