133 Rundle Mall,
Adelaide, SA 5000
Shops & Retail • Other
Price information
Sale - Expression of Interest
$9,000,000
Key property information
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of 133 Rundle Mall
Train stations within 5 km of 133 Rundle Mall, Adelaide, SA 5000 Distance Adelaide Railway Station Tram Stop 665 m Victoria Square Station 815 m Royal Adelaide Hospital 1.5 km Mile End Station 2.2 km Thebarton 2.4 km POWERED BY HERE ©Tram stops within 5 km of 133 Rundle Mall, Adelaide, SA 5000 Distance Rundle Mall 454 m Tram Pirie St 513 m Tram Adelaide Railway Station 656 m Adelaide Metro Free City Connector Bus and Tram 731 m Tram Victoria Square 864 m POWERED BY HERE ©Bus stops within 5 km of 133 Rundle Mall, Adelaide, SA 5000 Distance B1 Pulteney St - East Side 115 m G3 Grenfell St - North Side 116 m B2 Pulteney St - East Side 119 m Y2 Pulteney St - West Side 130 m T1 North Tce - South Side 147 m POWERED BY HERE ©
POWERED BY HERE ©
Take a Trundle Down Rundle
- Net Passing income of $465,051 p.a.
- Prominent corner location
- Commercial tenancy WALE of 3.98 years
CBRE and McGees Property are excited to present to market this exciting Rundle Mall, multi-tenanted investment property that sits on the corner of the Mall and Twin Street.
Following some advice over the last 12-months, the vendors have restructured the lease throughout the building and now offer the space as a premium leased investment along the tightly held Rundle Mall. Excluding the residential tenancies, the property boasts a WALE of just under 4 years (as at 1 July 2024), together with the short term value-add from the 2-floors and 11 units currently let on 6-12 month residential agreements.
The high profile location, paired with the opportunity for rental growth in the short term makes this an unmissable opportunity, which is highlighted by the below key points:
- Net Passing income of $465,051 p.a.
- Commercial tenancy WALE of 3.98 years (by income)
- 11 short-term residential agreements providing immediate value growth
- Prominent corner location with a combined 37m frontage
- Full site coverage basement space with lift access
- Zoned City Main Street (Rundle Mall)
For Sale via EOI
Following some advice over the last 12-months, the vendors have restructured the lease throughout the building and now offer the space as a premium leased investment along the tightly held Rundle Mall. Excluding the residential tenancies, the property boasts a WALE of just under 4 years (as at 1 July 2024), together with the short term value-add from the 2-floors and 11 units currently let on 6-12 month residential agreements.
The high profile location, paired with the opportunity for rental growth in the short term makes this an unmissable opportunity, which is highlighted by the below key points:
- Net Passing income of $465,051 p.a.
- Commercial tenancy WALE of 3.98 years (by income)
- 11 short-term residential agreements providing immediate value growth
- Prominent corner location with a combined 37m frontage
- Full site coverage basement space with lift access
- Zoned City Main Street (Rundle Mall)
For Sale via EOI
Property ID: 504591808Last Updated: 10 Sep 2024
133 Rundle Mall
Adelaide, SA 5000
CBRE - South Australia (RLA 208125)Level 20/83 Pirie Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
McGees Property - Adelaide (RLA 1722)Level 10/60 Waymouth Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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