210 Grote Street Adelaide SA 5000
- Hotel / Leisure
- 11,600 m²
- For Sale, Contact Agent
Long term lease to Adelaide University with potential value add opportunities.
The Village comprises a 405 bed student accommodation facility configured across 96 apartments exclusively leased to The University of Adelaide under a long term agreement.
Located in the Adelaide CBD, the asset is situated within proximity to The University of Adelaide, University of South Australia, Flinders University City Campus, Torrens University, Adelaide Central Market, Chinatown, Rundle Mall and the Royal Adelaide Hospital.
This impressive property has a site area of over 5,333sqm* and a gross building area in excess of 11,600sqm*.
A significant inner-city campus site of 5,333sqm* with an estimated building area of 11,600sqm*
100% leased to The University of Adelaide on 10+5+5+5 year lease commencing in 2014
96 apartments configured to provide 405 beds
Secure basement car parking for 76 cars
Estimated Net Passing Income of $3,535,274 pa*
Opportunity for future strata/community titling subject to usual consents.
Expression of Interest closing 3pm (AEST) Thursday 15 August 2019
To view the property video, visit Link to video - https://bit.ly/2RST1cJ
|Floor Area||11,600 m²|
|Land Area||5,333 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||11 Jul 2019|