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145 Grote Street, 145 Grote Street, Adelaide, SA 5000

145 Grote Street, 145 Grote Street, Adelaide, SA 5000

Land/Development

  • Sold Contact Agent
  • Mon 08-Jul-19

  • Land Area
  • 1200.00 m² (approx)
  • Floor Area
  • 1,200 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jul 10, 2019
  • Zoning
  • Capital City Zone

Interested in this property? Contact an Agent today

JLL - Adelaide

25 Grenfell Street

Adelaide SA 5000

SOLD

Strategic Grote Street corner site with holding income

JLL is favoured with instructions from the registered proprietors to offer for sale one of the highest profile and most spectacular development sites in the Chinatown district of the Adelaide CBD.

145 Grote Street is a key high profile site situated on the corner of Grote Street and Morphett Street just a stone’s throw from the Adelaide Central Market, Chinatown and the developing precincts in the west end of the CBD.

This is an iconic location enjoying the benefits of wide street frontages to both Morphett and Grote Streets, and boasting a total site area of approximately 1,200 square metres.

Astute purchasers will recognise the benefits of holding income from the longstanding tenant, Kennards Hire, but ultimately understand the medium term development options for the site which, subject to normal statutory consents, may include:

• Residential high rise apartments
• Short term visitor accommodation including hotel and serviced accommodation
• Student accommodation
• Commercial offices

It is easy to recognise the trophy nature of 145 Grote Street and we

145 Grote Street, 145 Grote Street, Adelaide, SA 5000

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