96-100 Grote Street, Adelaide, SA 5000

Hotel/Leisure | Other

For Sale Contact Agent

  • Property ID: 397087
  • Floor Area: 767m²
  • Land Area: 1450m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)

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
Harry Einarson
Ned Looker
Jing Jun (JJ) Heng

Adelaide Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4375 $602 13.77%
Industrial --- $250 ---
Retail --- $414 ---
This is the average advertised price, rent and yield for Adelaide, SA 5000*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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