Belle Property Commercial Adelaide are delighted to offer 141-141A Gilbert Street, Adelaide For Sale by Public Auction. 141-141a Gilbert St Adelaide is a rare opportunity to invest in an impressive, well maintained inner city commercial premises.
Key Highlights:
High profile street presence
Site Area 252 sqm (approx.) and building area 485 sqm (approx.)
Valuable rear access
Positioned in a growing sector of the city
Quality base building
Solid masonry construction with concrete slab on second level
Ideal for owner occupiers or investors
Occupy "as is", undertake further refurbishment, or plan for future redevelopment
Holding income - Ground floor lease expiring 4th December 2023
Solar power unit serving upper level
Upgraded air conditioning
Zoned - CL - City Living / MHI - Medium-High Intensity
As it is, the vendor has continued to invest in improvements to the building including solar power, recent air conditioning upgrades and LED lighting upgrades.
With the ground floor leased until December 2023 to Pulteney Grammar School Inc, this offering provides multiple options; to owner occupy the upper level, lease "as is," invest in further building refurbishments, or start your plans for a total redevelopment of the site.
In a market characterised by a scarcity of commercial property in this location and in this price bracket, 141-141a Gilbert St Adelaide represents a sound opportunity for those buyers who recognise the huge potential this property has to offer. This is one that you don't want to miss.
For Sale by Public Auction On Site Friday 18th November at 11am (unless sold prior).
Contact the exclusive selling agents for further information:
Lyndon Cocks
David Buenfeld
*Approx
RLA 287 133
