45 Pirie Street, ADELAIDE SA 5000
Expression of Interest
- PROPERTY DETAILS
- BUILDING DETAILS
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- Floor area:
- 71 x Onsite parking
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- 4.5 NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 21 Sep 2016
Secure income stream and value add potential
Pirie Place is one of Adelaide’s premier CBD office towers, occupying a prominent site with excellent street frontage to the highly sought after ‘Pirie Street’.
This exceptional investment opportunity offers strong income security through a 5.3 year WALE, which is underpinned by the AA rated State Government of South Australia who occupy 76% of the building.
Pirie Place also provides an opportunity to add further value by developing the surplus site area of approximately 1,000sqm which has a significant frontage to Gawler Place.
Key highlights include:
- AA rated State Government of South Australia occupies 76% of the NLA
- $13 million* spent in refurbishments
- 5.3 year WALE and 97% occupancy
- Located in the core of Adelaide’s CBD
- Surplus land area with development potential (STCA)
- Fully leased net income of $9.3 million
- Net lettable area of 19,855 sqm*
- 4.5-Star NABERS Energy Rating
Expressions of Interest closing 5pm (AEDT) Thursday, 20 October 2016.
For further information or to arrange an inspection, please contact the exclusive selling agents at JLL (RLA 1842) and Knight Frank (199257).
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Expression of Interest Details
- Close Date:
- 20/10/2016 17:00:00
- Recipient Name:
- Delivery Address:
45 Pirie Street ADELAIDE