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230-234 Franklin Street Adelaide, SA 5000

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230-234 Franklin Street,
Adelaide, SA 5000

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UNDER CONTRACT - CBD DEVELOPMENT SITE WITH SUBSTANTIAL HOLDING INCOME

  • Fully leased to 3 tenants.
  • 1,161 square metre site area.
  • Potential due to Capital City zoning.
> Valuable corner position providing maximum flexibility for future development.
> 1,161 square metre site area with Franklin Street frontage of 18.1 metres and Shannon Place frontage of 66.4 metres.
> Huge potential due to Capital City zoning which encourages high density development over 15-16 levels.
> Desired future uses include residential and serviced apartments, hotel, office and retail.
> Adaptable existing office/warehouse style improvements of 1,578 square metres.
> Fully leased to three (3) tenants generating a substantial holding income.
> A perfect land banking opportunity for the astute developer.

For Sale at $3.15 million (exclusive of GST)

Property ID: 501179991Last Updated: 2 Aug 2017

04128179...
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230-234 Franklin Street
Adelaide, SA 5000
Colliers - ADELAIDE
Level 9, 121 King William Street
ADELAIDE, SA 5000

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