The Opportunity
The Adelaide Street Plaza represents a superb opportunity for investors to re-lease and reposition this prime asset into a range of possible uses including bulky goods, retail, medical consulting, amusement, recreation, and more** or owner-occupiers seeking to occupy this versatile local landmark building.
The Improvements
A modern, imposing 4,627sqm two level building with outstanding presentation and street presence. The flexible floor plan currently consists or a range of retail and office spaces plus large open plan 2,540sqm retail space. There are 91* basement car bays.
The Location
The property is ideally positioned offering excellent exposure to high volumes of passing traffic, ample street parking and is just 400m to Kings Square, 500m to the High Street Mall and 600m to the Fremantle Station*.
Tenancies
The property is partially leased with a current net income of $679,437pa*. Please refer to the selling agents for further information.
Ground Lease
The property is offered for sale with an interest in the leasehold land. Please refer to the selling agents for further information.
Land Details
Land area- 5,266sqm
Frontage to Adelaide Street- 72.68m
Sales Process
To request a copy of the Information Memorandum or to arrange an inspection, please contact the selling agents:
The property is offered For Sale by Expressions of Interest closing 3.00pm AWST on Wednesday, 14 September 2022 AWST.
Richard Cash, State Chief Executive Western Australia
(M) 0412 006 949 (E) Richard.Cash@colliers.com
Shane Isaacs, Manager Investment Services
(M) 0408 883 987 (E) Shane.Isaacs@colliers.com
* Approx
** Subject to Council Approval
