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Sold on 6 Nov 2019

19-23 Cypress St Adelaide SA 5000

  • Development / Land
  • 609 m²
  • Sold

UNDER CONTRACT

Freestanding CBD office/warehouse building

19-23 Cypress Street, Adelaide comprises an affordable freestanding Torrens Titled office/warehouse building situated in the popular eastern side of the CBD in close proximity to the new Calvary Hospital.

The building provides approximately 630 square metres across a two storey office section to the front and a solid brick, high bay warehouse to the rear which is currently used for parking 15-20 vehicles.

Whilst being well-suited to owner-occupation or investment in the short term, the future development potential of the site cannot be understated. Comprising approximately 609 square metres over three titles, the property sits in the Capital City zone allowing for a broad range of uses up to 53 metres in height (subject to statutory consents).

The property is leased to APOSS until the end of June 2019, generating valuable holding income of approximately $5,500 per month (plus GST).

For sale by Private Treaty.

For further information or to arrange an inspection, please contact exclusive selling agents JLL.

JLL RLA 1842

Address19-23 Cypress St Adelaide SA 5000
ZoningCC - Capital City Zone
CouncilADELAIDE CITY COUNCIL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014938071
Date Sold6 Nov 2019
Floor Area630 m²
Land Area609 m²
ParkingAsk Agent
Building TypeWhole building
Category
Last updated  7 Nov 2019
Map for 19-23 Cypress St Adelaide SA 5000
Map for 19-23 Cypress St Adelaide SA 500019-23 Cypress St Adelaide SA 5000
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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JLL - Adelaide
Level 18, Grenfell Centre 25 Grenfell St Adelaide SA 5000

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