69-79 Gilbert Street,
Adelaide, SA 5000

69-79 Gilbert Street offers investors the opportunity to secure a prominent land holding in Adelaide’s central business district suiting short to medium term redevelopment.

Currently fully leased, significant scope for rental upside exists through refurbishment of the improvements. Alternatively redevelopment clauses in the leases ensure that opportunities for developers and owner occupiers are maximised.

Gilbert Street is widely recognised as one of the most appealing city living precincts in Adelaide with arguably the best walkable amenity in the CBD Frame. This appeal continues to be enhanced as further hospitality and lifestyle orientated businesses gravitate to this part of the city.

With a very high proportion of the anticipated sale price attached to the underlying land it is expected that a broad range of purchasers will recognise the strong fundamentals of this high quality investment.

Investment highlights include:

· 1,230sqm site (approx.) with two street frontages
· $209,000pa net passing income (approx.)
· Two storey office building with 823sqm lettable area (approx.)
· 16 undercover and secure car parks
· Potentially suitable for owner occupiers
· Short term redevelopment potential (stnc)

69-79 Gilbert Street is offered for sale by JLL and Knight Frank by Private Treaty.

JLL
RLA1842

Knight Frank
RLA199257