The first property for sale along Rundle Street in 2023 has something for everyone. Whether you are looking for space to occupy or a project to refurbish and collect the income, 214-216 Rundle Street, Adelaide presents both opportunities.
214-216 Rundle Street is a classically fronted building with strong income from a longstanding tenant in Zambrero and the opportunity to add value through refurbishment and repositioning. Regardless of your intentions, the final occupants of this building will enjoy the benefits of immediate proximity to Adelaide's fantastic pubs, bars, cafes, restaurants and high-street fashion in addition to a 150m* walk to Rundle Mall.
An investment in 214-216 Rundle Street offers the following: - Freestanding neat and tidy allotment of 223sqm* - Total NLA of 288sqm inclusive of outdoor dining and amenities - Vacant tenancy of 153sqm* over GF and L1 - Long standing tenant in national brand Zambrero - Zambrero lease expires 31st August 2026 with 7 year option to renew - Passing rental of $77,077pa* (as at September 2023) plus GST and outgoings with huge scope to increase through repositioning of the vacancy - City Main Street Zone Rundle Street Subzone within the City of Adelaide
The property is for sale via Expression of Interest (EOI) closing 21st September 2023 @ 4PM
Please contact exclusive marketing agents Leedwell Property for further information