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The offering represents opportunity to acquire a freestanding Torrens Titled building, with impressive frontages, set on valuable corner allotment of approx. 334 sqm.

The upper level comprises self-contained commercial offices with dedicated entrance from Gouger Street. Level 1 is securely leased for a term of 5 y + 5 y from 25.01.2024, to established Tenant (as legal offices) at current rent of $65K PA + GST + outgoings, with inclusion of a redevelopment clause to apply any time from 25.01.2029. Summary of lease can be provided on request.

The ground level was utilised as banking chamber for past 70 years. The ground level is vacant, with an area of about 310 sqm, is fully self-contained, with own mechanical plant, toilet amenities and a basement is included. The ground level is suited for retention as office use, or conversion to Retail, Hospitality, Medical etc., (STNC).

The building itself is listed as a place of local heritage.

The current zoning and location of the property allows for a diverse range of activities, inclusive of medium to high density residential dwellings at upper levels (STNC).

The property will appeal to long-term local or interstate investors, seeking to purchase strategic CBD assets, in guaranteed growth location, with income stream and future developmental options as well.

The property will also appeal to an intending owner/occupier who can operate its business from the ground level, whilst receiving income from level 1.

71-75 Gouger Street is adjacent to Adelaide's Central Market & Victoria Square and within metres of the new $600 Million 'Market Square' multi-use development under construction across the road.

There is nil stamp duty payable in SA for purchase of property of this kind.

For sale by Private Treaty negotiation.


For further information contact, Sole Agents, George Zogopoulos, 8410 6444 or 0412 824 278