191-199 Frome Street Adelaide SA 5000

- Total site area of 1,109 square metres*
- Total building area of approximately 950 square metres*
- Three street frontages
- On-site car parking
- Zoned Capital City (City of Adelaide) with development potential up to 53 metres* STCC
- Occupied by the longstanding Midnight Pharmacy; returning approximately $210,048.11 per annum plus GST
- Redevelopment provisions included in lease documentation
- Excellent investment or development opportunity with repositioning potential

191199 Frome Street, Adelaide is an outstanding opportunity to secure a prominent corner development site of approximately 1,109 square metres. With three valuable street frontages providing excellent visibility, exposure, and accessibility, the property offers a strategic opportunity for developers to capitalise on its significant development potential.

Zoned Capital City in the City of Adelaide, the property's planning guidelines allow for building heights of up to 53 metres (STCC).

The site is currently leased to Midnight Pharmacy, generating a holding income of $210,048.11 per annum plus GST, with portions sublet to a body piercing studio. Existing improvements offer future repositioning potential, with substantial frontages to Wakefield Street, two separate shopfronts facing Frome Street, central off-street car parking and a rear warehouse facing Ifould Street.

A rare and versatile site in the CBD frame, 191199 Frome Street presents a superior proposition for developers seeking a premium redevelopment opportunity in one of Adelaide's most tightly held city precincts.

For more information or to arrange an inspection of 191-199 Frome Street, Adelaide, please contact Saxon Smith from Higher Commercial (RLA 323 903) or Helen Gong from Refined Real Estate (RLA 217 949).

Disclaimer:
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