22-24 Gilbert Street, Adelaide, SA 5000

Development/Land | Retail | Offices

For Sale $3,975,000

  • Property ID: 432483
  • Floor Area: 756m²
  • Land Area: 760m²
  • Occupancy: Vacant
PRIME DEVELOPMENT ALLOTMENT IN ADELAIDE'S SOUTH END : CORNER SITE OF 760 M2* IMPRESSIVE HOLDING INCOME - UP TO 53M HEIGHT DEVELOPMENT (STCC)

Raine & Horne Commercial SA are proud to offer for sale this exceptional potential development site in Adelaide's CBD location.

Located meters from the GPO, law Courts, Central Market and a short walk or tram ride to Adelaide's premier shopping precinct, Rundle Mall and Adelaide Oval.

The property comprises prominent corner allotment of approximately 760 m2 with a frontage to Gilbert Street of 24.69 m and a frontage to Tapley Street 0f 30.78 m.

Currently leased to Prohibition Liquor Co Pty Ltd for s term of 5 + 5 + 5 years commencing 1st August 2019. The lease has a development clause which can be exercised after July 2026 providing ample opportunity for planning approvals etc whilst collecting good holding income (circa $100,000 pa net).

Zoning: Capital City Zone allowing up to 53m height development (subject to usual consents)

*All areas/dimensions approximate
RLA 205498

Adelaide Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4721 $597 12.64%
Retail $4424 $403 9.10%
Industrial --- $178 ---
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:

  • 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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