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Map22-24 Gilbert Street, Adelaide, SA 5000
For Sale
PRIME DEVELOPMENT ALLOTMENT IN ADELAIDE'S SOUTH END : CORNER SITE OF 760 M2* IMPRESSIVE HOLDING INCOME - UP TO 53M HEIGHT DEVELOPMENT (STCC)
Raine & Horne Commercial SA are proud to offer for sale this exceptional potential development site in Adelaide's CBD location.
Located meters from the GPO, law Courts, Central Market and a short walk or tram ride to Adelaide's premier shopping precinct, Rundle Mall and Adelaide Oval.
The property comprises prominent corner allotment of approximately 760 m2 with a frontage to Gilbert Street of 24.69 m and a frontage to Tapley Street 0f 30.78 m.
Currently leased to Prohibition Liquor Co Pty Ltd for s term of 5 + 5 + 5 years commencing 1st August 2019. The lease has a development clause which can be exercised after July 2026 providing ample opportunity for planning approvals etc whilst collecting good holding income (circa $100,000 pa net).
Zoning: Capital City Zone allowing up to 53m height development (subject to usual consents)
*All areas/dimensions approximate
RLA 205498
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L23063157
- Property Type:Land/Development
- Building / Floor Area:756 sqm
- Land Area:760 sqm
Our Broker is always on your side, and we are proud to be helping Australians obtain finance that best suits their circumstances and allows them to realise their property dreams. Your broker will work on your behalf, not the banks, to ensure that you get the most competitive rate within a product best suited to your needs and we do it fast and for free.
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