Leedwell Property are pleased to bring to market an exceptional value add investment, 49 Gawler Place, Adelaide at the doorstep to Adelaide's premium retail strip Rundle Mall.
This 8-level office building features fantastic ground floor retail activation with tenant "Fast Times", a recently refurbished entry/foyer and favorable valuation metrics.
The investment offers appeal to both owner occupiers and investors alike with pricing reflecting well under replacement cost.
We further highlight the below property features:
- Accessible by all modes of public transport (bus, tram and train) within easy walking distance
- 8-level commercial building comprising basement, ground floor retail, 5-levels of office and rooftop boardroom.
- 2,012sqm GBA
- Each floor is individually strata titled (but offered in one line) offering the easy possibility of the sale of individual floors over time
- Floorplates of 290sqm* with side lift core suited for converting into whole floor or part floor specialist suites
- Gawler Place has undergone significant refurbishment creating an amazing link for pedestrian traffic between North Terrace and key CBD streets
- Property directly adjoins Rundle Mall offering sensational amenity
- Flexible tenure on Levels 4-6 for an owner occupier
- Imputed net income of $413,000pa*
- Tidy land parcel of 449sqm*
- City Main Street Zone - Rundle Mall Subzone
