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Pulteney Street
Adelaide SA 5000
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Pulteney Street Adelaide SA 5000

  • Offices
  • 2,400 m²
  • Expressions of Interest

SECURELY LEASED CBD INVESTMENT WITH STRONG FUTURE DEVELOPMENT POTENTIAL

  • Two level building of 2,400sqm*
  • Passing net income of $869,450* pa +GST

Cushman & Wakefield is proud to offer 176-180 Pulteney Street, Adelaide for sale by Expressions of Interest a fantastic fully leased building on a significant inner city land holding.

176-180 Pulteney Street comprises a two-level converted warehouse style building of approximately 2,400sqm lettable area, fully leased to Rising Sun Pictures, a subsidiary of global film giant Pitch Black Company.

With a lease term extending out to 30 June 2027, plus options, the property provides a strong secure income stream, currently generating approximately $869,450 per annum plus GST on a fully net basis with the tenant paying all outgoings including land tax. In excess of $1.2m of tenant and landlord works have been undertaken in the past 2 years.

The building sits on an outstanding core CBD land holding of approximately 1,508 square metres, underpinning the long-term value of the property with strong future development potential. The Capital City zoning allows mixed use development including residential, commercial, retail and others (subject to consents).

In a market that is starved of quality CBD investment opportunities, we strongly recommend this asset for your consideration.

Key property features below:
- Core CBD landholding of 1,508sqm* with front and rear access
- Two level building of 2,400sqm* configured as offices and film production studios
- Securely leased to a subsidiary of a global company until June 2027
- Fully net lease structure with tenant responsible for all outgoings
- Passing net income of $869,450* per annum plus GST
- 11 on site car parks accessed from Sudholz Place at the rear
- Strong future development potential in a great CBD location

176-180 Pulteney Street, Adelaide is offered for sale by Expressions of Interest closing 21st February at 4pm. For more information or to arrange inspections please contact exclusive selling agents Cushman & Wakefield.

Cushman & Wakefield
Jed Harley
+61 418 807 920
jed.harley@cushwake.com

Sam Alexander
+61 457 888 213
sam.alexander@cushwake.com

RLA 315726
*approximately

EXPRESSION OF INTEREST

Closing date and time21/02/2024 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Floor Area2,400 m²
Land Area1,508 m²
EnergyAsk Agent
Parking11 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019036447
Category
Last updated  7 Feb 2024
Map for Pulteney Street Adelaide SA 5000

Property Highlights

Floor Area2,400 m²
Land Area1,508 m²
EnergyAsk Agent
Parking11 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019036447
Category
Last updated  7 Feb 2024
Level 1/123 Pirie St Adelaide SA 5000

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Expressions of Interest
pulteney street,adelaide, SA 5000
2,400 m²
Offices
For SaleContact Agents
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Property FAQs

The agent has not listed a sale price for Pulteney Street Adelaide SA 5000. Contact the agent for a price guide.
The floor area for Pulteney Street Adelaide SA 5000 is 2,400 m².
Yes, there are 11 on-site parking spaces available at Pulteney Street Adelaide SA 5000.
Pulteney Street Adelaide SA 5000 is currently tenanted.
The property highlights for Pulteney Street Adelaide SA 5000 are 'Two level building of 2,400sqm*' and 'Passing net income of $869,450* pa +GST'.
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