12 Pirie Street , ADELAIDE SA 5000
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- 1.0 NABERS energy rating
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- 19 Jan 2017
Core CBD office building
Knight Frank and JLL are delighted to offer for sale the freehold interest in 12-20 Pirie Street, Adelaide.
12 Pirie Street offers investors a strategic opportunity to secure an office building in an absolute prime location, with value add potential via leasing, and very substantial future development upside (stnc).
Situated in the financial core of the Adelaide CBD – in Pirie Street, this opportunity comes at a perfect time to capitalise upon historically low interest rates, a compelling capital value advantage over other Australian Capital City markets, and a counter cyclical investment strategy.
Key selling features include:
• Office tower of 6,200sqm* with high profile ground floor retail
• Corner site of 1,350sqm* with extensive frontages to Pirie Street and Exchange Place
• Outstanding core CBD location – Pirie Street being a highly sought after business address
• Potential for future income growth via the implementation of a strategic leasing program
• Less than 100 metres to the Pirie Street tram stop
• Walkable amenity provided by linkages to Rundle Mall and Victoria Square and proximity to numerous restaurants, cafes and international hotels
• Immediate accessibility to Adelaide’s retail, legal and commercial hubs
• Partially refurbished with excellent scope for additional cosmetic and environmental improvements
• Highly functional and easily divisible floor plates of approximately 815sqm
• Fully leased net income of $1,530,000 per annum* (imputed)
• Potential to benefit substantially from future redevelopment of the large site within Adelaide’s Capital City Zone
• 1.0 Star NABERS Energy Rating
JLL RLA 1842
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
12 Pirie Street ADELAIDE