Unit 1, 128 Rundle Mall, Adelaide, SA 5000

Retail | Hotel/Leisure | Showrooms

For Sale Contact Agent

  • Property ID: 414837
  • Floor Area: 80m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the building (FTTB)
AFFORDABLE SPACE IN A PRIME MALL LOCATION

1/128 Rundle Mall is the opportunity of a lifetime for smaller retailers. Presenting the chance for privates to own and occupy a space in the heart of Rundle Mall, CBRE are sure that this is one that will be snapped up off the market.
With Smokemart taking a lease over the 39sqm retail shop, investors can reap the rewards of the new 5-year lease and approximate $78,810 net rent. Occupiers will also be able to use this holding income to run out any existing leases while also getting designs and approvals in place to open their store in this location.
The property is 80sqm but comprises a useable tenancy of 39sqm* with the additional 41sqm being used as access for Hotel Richmond on the upper floors.
The key property highlights include:
- 80sqm* space with 39sqm* tenancy
- New 5-year lease with a net rent of $78,810*
- Strong tenancy profile in Smokemart
- Vendor-biased 6-month break clause within the lease
- Surrounded by market leading retailers
For sale via Expressions of Interest closing on 16th of June at 4:00pm
Please contact the sole marketing agents with any other questions:
Ned Looker: +61 448 689 573
Mitch Curnow: +61 415 494 056

Adelaide Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $419 ---
Industrial --- $357 ---
Offices $5619 $679 12.09%
This is the average advertised price, rent and yield for Adelaide, SA 5000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in SA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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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