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210 Grote Street Adelaide SA 5000

  • Hotel / Leisure
  • Floor Size11,600 m²
  • PriceFor Sale, Contact Agent

Leased Investment

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*.

Key Highlights:
 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

*approx

JLL RLA1842

Property Highlights

Property ID2015427290
Floor Area11,600 m²
Land Area5,333 m²
EnergyAsk Agent
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Jul 2019
Map for 210 Grote Street Adelaide SA 5000
JLL - Adelaide
Level 18, Grenfell Centre 25 Grenfell St Adelaide SA 5000

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