45 Pirie Street,
Adelaide, SA 5000
Offices
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Map of 45 Pirie Street
Prime, well located institutional grade office tower with major government tenant
Colliers International and Knight Frank are pleased to offer for sale a 100% interest in 45 Pirie Street, Adelaide.
45 Pirie Street offers investors a rare opportunity to secure an office tower in an absolute prime location, with a strong tenancy mix.
Situated in the financial corner of the Adelaide CBD, Pirie Street has always been a highly sought after business address.
Key Investment Highlights:
* Institutional grade Adelaide CBD Office Tower located in a tightly held Pirie Street location with commanding street frontage.
* Ranked in the top 10 commercial CBD assets in the Adelaide market by industry experts.
* Major refurbishment of circa $11m completed between 2008-2011.
* Secure income stream with 75.9% of the building leased to the State Government plus attractive corporates including ANZ, AAPT, JB Were and Norman Waterhouse Solicitors.
* Desirable and "bankable" 4.7 year WALE by income as at 1 February 2013.
* Potential for future income growth with a staggered lease expiry and fixed annual rental increases.
* Site area of 3,310sqm, which includes surplus land of 970sqm with Gawler Place frontage and potential to develop a connecting or standalone office tower (STNC).
* 4 Star NABERS Energy Rating and 3.5 Star NABERS Water Rating.
* Excellent car parking ratio.
* The fully leased net passing income is estimated to be $7.641 million as at 1 February 2013.
For Sale by Expression of Interest closing 5pm (EST) on Thursday 4th April 2013.
45 Pirie Street offers investors a rare opportunity to secure an office tower in an absolute prime location, with a strong tenancy mix.
Situated in the financial corner of the Adelaide CBD, Pirie Street has always been a highly sought after business address.
Key Investment Highlights:
* Institutional grade Adelaide CBD Office Tower located in a tightly held Pirie Street location with commanding street frontage.
* Ranked in the top 10 commercial CBD assets in the Adelaide market by industry experts.
* Major refurbishment of circa $11m completed between 2008-2011.
* Secure income stream with 75.9% of the building leased to the State Government plus attractive corporates including ANZ, AAPT, JB Were and Norman Waterhouse Solicitors.
* Desirable and "bankable" 4.7 year WALE by income as at 1 February 2013.
* Potential for future income growth with a staggered lease expiry and fixed annual rental increases.
* Site area of 3,310sqm, which includes surplus land of 970sqm with Gawler Place frontage and potential to develop a connecting or standalone office tower (STNC).
* 4 Star NABERS Energy Rating and 3.5 Star NABERS Water Rating.
* Excellent car parking ratio.
* The fully leased net passing income is estimated to be $7.641 million as at 1 February 2013.
For Sale by Expression of Interest closing 5pm (EST) on Thursday 4th April 2013.
Property ID: 500610803Last Updated: 15 May 2014
45 Pirie Street
Adelaide, SA 5000
Colliers - ADELAIDELevel 9, 121 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Knight Frank - Adelaide (RLA 199257)Level 29, 91 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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