Colliers is proud to act as exclusive agents for the freehold sale of this brilliantly located two level office opportunity, in the premium inner eastern location of 231 The Parade, Norwood, South Australia via Expressions of Interest.
A beautiful character building prominently positioned along The Parade with 15.5 metres of frontage, just 3km* from Adelaide CBD, in the affluent inner eastern suburb of Norwood.
Improvements to the land comprise a charming two-level office building containing approximately 525sqm* (GBA) on 760sqm* of land with valuable rear lane access to 12 onsite car parks. The opportunity offers a fantastic canvass for astute developers, strategic investors and perceptive owner occupiers.
The key features of this offering include:
Stunning adaptable office building of 525 sqm* (GBA)
Offered with vacant possession
Potential to be split into multiple separate tenancies
12 valuable on-site car parks with rear access
760sqm* regular shaped site
Frontages to both the Parade and Wesley Lane
A short 3km* from the Adelaide GPO
The building has no heritage significance or encumbrances
The opportunity to acquire land in the tightly held Norwood precinct is extremely rare and will offer the new owner the opportunity to join a select few to own part of this valuable precinct, with genuine value add and development potential. The premium location of the property coupled with the potential for repositioning or development creates an extremely unique and rare opportunity.
231 The Parade is offered for sale by Expression of Interest closing 3pm (ACST) Thursday 2nd June, 2022 through the exclusive selling agents, Colliers Adelaide.
