LJ Hooker Commercial Adelaide in conjunction with JLL are proud to present for sale a 100% freehold interest in 45 Grenfell Street, Adelaide for sale by way of International Expression of Interest closing Thursday 5 October 2023 at 3:00 p.m. (ACST).
Located at the absolute core of CBD, 45 Grenfell offers Adelaide's finest repositioning asset. This commanding and landmark built form spans across 21 levels (including basement and plant room) and is strategically positioned along Grenfell Street staking its unrivalled location.
Lending itself to unprecedented potential, 45 Grenfell presents a unique opportunity to significantly add value, with uplift potential via tactical repositioning of the asset through innovative refurbishment and contemporary spec suite design. Quite simply, opportunities such as this rarely present themselves.
Offering a diverse tenancy mix with a firm income stream, the property is poised to continued growth through clever value enhancement initiatives.
Key features:
- 12,771* sqm B-Grade office NLA with 697*sqm floorplates
- No Stamp Duty applicable on the sale of commercial properties
- Passing net income of $2.29* million (fully leased net income $3.85*m)
- 2.05* year WALE (by income)
- 3.5-Star NABERS Energy Rating
- Considerable mechanical upgrades
- Connected ground floor retail through to public realm
- Significant land holding of 997* sqm
For more information or to arrange an inspection please contact the exclusive selling agents.
LJ Hooker Commercial: Mario Bonomi +61 412 080 993 | Mark Tettis +61 433 139 892
JLL: Ben Parkinson +61 407 710 389 | Tim Mutton +61 421 590 686
* Approximate
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
LJ Hooker Commercial Adelaide - RLA 231 015
JLL - RLA 1842