Colliers is pleased to present the opportunity to purchase 261 South Terrace, Adelaide with the following key attributes:
261 South Terrace is situated in Adelaide's rapidly emerging south eastern CBD precinct within close proximity to the new $345 million Calvary Adelaide Hospital, the new South Australian Police Headquarters, Adelaide's traditional court and legal precinct and a myriad of residential and mixed-use developments.
The convenience of this location is further strengthened by its proximity to St Andrew's Hospital (600m), Parkwynd Private Hospital (1.3km), existing medical uses, allied health services, Carrington Street legal precinct (550m) whilst overlooking the Adelaide parklands. It is also a short walk to the Central Markets and Chinatown precinct.
Improvements to the land comprise a two-level building and mezzanine area containing approximately 910 sqm (NLA). Strategic refurbishment of internal space could enable an increase of NLA up to 1,020 sqm.
The location of this property combined with 20 secure, undercroft car parks at the rear, and potential for refurbishment makes for a highly desirable opportunity for both astute owner-occupiers and investors alike.
For sale by private treaty.
To arrange an inspection or for more information please contact Colliers as the exclusive selling agents.
