18 Bentham Street, ADELAIDE SA 5000
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- 5 Dec 2016
Ideal Budget Hotel Development Site
18 Bentham Street offers an ideal site for a budget hotel development. Concept plans are available to illustrate the exciting potential to capitalise on the significant increase in visitors to the Adelaide CBD.
This is an outstanding opportunity for developers to acquire a strategic land holding within the Adelaide CBD Core. The site is central to the Adelaide City Council’s vision for connectivity from the Adelaide Oval to the Central Market as part of the “invigorate your senses” campaign.
18 Bentham Street provides approximately 372 square metres of land, with frontage to Bentham Street of approximately 21.03 metres and a depth of between 17.6 and 17.63 metres approximately.
The subject land is located within the Adelaide City Council Development Plan and subject to the Capital City Zone – Central Business Policy Area 13. The Capital City zone provides absolute flexibility of potential including;
> A Mixed Use Development encompassing all of the above types of development.
The property is subject to a lease until December 2019 where all normal outgoings (including land tax on a single holding basis) are recoverable from the lessee. Income support is available for the duration of the lease.
This strategic land holding is offered For sale by Private Treaty.
For more information or to request an Information Memorandum please contact Paul van Reesema or Alistair Mackie.
A network of city laneways and small streets wending from Adelaide Central Market to the Torrens will be rejuvenated with a $15 million overhaul - see full article here: http://indaily.com.au/news/local/2016/06/17/15-million-facelift-for-city-laneway-network/
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
18 Bentham Street ADELAIDE