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12 Pirie Street , ADELAIDE SA 5000
Contact Agent
For Sale
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- PROPERTY DETAILS
- BUILDING DETAILS
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Property Details
- Category:
- Offices
- Floor area:
- 6,200m²
- Parking:
- On site parking available
- Land area:
- 1,350m²
- Energy Efficiency Rating:
- 1.0 NABERS energy rating
- Property ID:
- 2012880850
- Virtual Tour:
- View Tour
- Updated:
- 5 Aug 2016
Core CBD office building
Knight Frank and JLL are delighted to offer for sale the freehold interest in 12-20 Pirie Street, Adelaide.
12 Pirie Street offers investors a strategic opportunity to secure an office building in an absolute prime location, with value add potential via leasing, and very substantial future development upside (stnc).
Situated in the financial core of the Adelaide CBD – in Pirie Street, this opportunity comes at a perfect time to capitalise upon historically low interest rates, a compelling capital value advantage over other Australian Capital City markets, and a counter cyclical investment strategy.
Key selling features include:
• Office tower of 6,200sqm* with high profile ground floor retail
• Corner site of 1,350sqm* with extensive frontages to Pirie Street and Exchange Place
• Outstanding core CBD location – Pirie Street being a highly sought after business address
• Potential for future income growth via the implementation of a strategic leasing program
• Less than 100 metres to the Pirie Street tram stop
• Walkable amenity provided by linkages to Rundle Mall and Victoria Square and proximity to numerous restaurants, cafes and international hotels
• Immediate accessibility to Adelaide’s retail, legal and commercial hubs
• Partially refurbished with excellent scope for additional cosmetic and environmental improvements
• Highly functional and easily divisible floor plates of approximately 815sqm
• Fully leased net income of $1,530,000 per annum* (imputed)
• Potential to benefit substantially from future redevelopment of the large site within Adelaide’s Capital City Zone
• 1.0 Star NABERS Energy Rating
*approximately
For sale by Expression of Interest closing 4pm Thursday 21 July 2016
JLL
RLA 1842
Knight Frank
RLA199257
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1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):The rental averages are based on a basket of buildings within that market, according to grade and recent transactions and are a trend indicator only. The high figure is indicative of the average $/sqm for the high floors, and the low is indicative of the average $/sqm of the lower floors. Leasing deals negotiated in 'net' exclude outgoings, whereas 'gross' rents are inclusive of outgoings.$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
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12 Pirie Street ADELAIDE
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