E.O.I., closing 08.10.24 @ 4.00pm
75-79 Grote Street, Adelaide, SA 5000
"NOT TO BE MISSED" INVESTMENT OPPORTUNITY IN HEART OF ADELAIDE'S TIGHTLY HELD CENTRAL MARKET/CHINATOWN PRECINCT
Negotiators Real Estate is privileged to be appointed the Exclusive Selling Agents, offering one of the most exciting investment opportunities to come on the market in recent years, with future development potential, underpinned by its Capital City Zoning and unrivalled location.
The offering represents a rare opportunity to secure a freestanding 2 level holding set on a valuable torrens-titled land holding of approx. 509 sqm, with impressive frontages to both Grote Street & California Steet, located right in the heart of Adelaide's renowned Cental Market and Chinatown precinct, metres from Victoria Square and King William Street.
The property is currently leased to 5 well established Tenants, with a rental income of 543,000.00 PA + GST and recovery of certain outgoings. A portion of level 1 is vacant.
A summary of existing leases can be provided to genuine parties on request, by contact the Sole Agents.
The property will appeal to long term local or interstate investors seeking to acquire a strategic property in guaranteed growth location with stable income stream and future developmental options. No stamp duty is payable in the sale of commercial property in SA, and the property will be sold as a going concern.
Major development activity under construction within metres of the property, Market Square & Victoria Tower.
The property has been held in the same interests for the past 21 years, and is offered for genuine sale by E.O.I., closing Thursday 10th October 2024.
Further details contact the Exclusive Selling Agents, George Zogopoulos, 8410 6444 or 0412 824 278.
The offering represents a rare opportunity to secure a freestanding 2 level holding set on a valuable torrens-titled land holding of approx. 509 sqm, with impressive frontages to both Grote Street & California Steet, located right in the heart of Adelaide's renowned Cental Market and Chinatown precinct, metres from Victoria Square and King William Street.
The property is currently leased to 5 well established Tenants, with a rental income of 543,000.00 PA + GST and recovery of certain outgoings. A portion of level 1 is vacant.
A summary of existing leases can be provided to genuine parties on request, by contact the Sole Agents.
The property will appeal to long term local or interstate investors seeking to acquire a strategic property in guaranteed growth location with stable income stream and future developmental options. No stamp duty is payable in the sale of commercial property in SA, and the property will be sold as a going concern.
Major development activity under construction within metres of the property, Market Square & Victoria Tower.
The property has been held in the same interests for the past 21 years, and is offered for genuine sale by E.O.I., closing Thursday 10th October 2024.
Further details contact the Exclusive Selling Agents, George Zogopoulos, 8410 6444 or 0412 824 278.
Property Info
Municipality
Adelaide
Negotiators Real Estate Adelaide
Level 2, 195 Victoria Square
Adelaide, SA 5000
Tel: (08) 8410 6444
Email Us
George Zogopoulos
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