JLL is pleased to offer for sale 183 Melbourne Street, North Adelaide – a leased office building situated in the heart of the prized Melbourne Street precinct of North Adelaide.
Boasting a prime land holding of 1,709* square metres and a three level building of 2,882* square metres, 183 Melbourne Street provides astute investors the ability to acquire a passive, income generating asset with immense future redevelopment potential.
In a market that is currently starved of quality commercial investment opportunities, 183 Melbourne Street will have broad appeal and we strongly recommend it for your serious consideration.
Key Property Highlights:
- Fully leased office building of 2,882sqm* generating net income of $440,240pa*
- Prime 1,709sqm* land holding on the southern side of Melbourne Street adjacent to the iconic Lion Hotel
- Zoned Busines Neighbourhood – Melbourne Street West – development up to 4 levels (14m) stnc
- Significant future development potential
- No GST or Stamp Duty applicable on the transaction
- 4.0-Star NABERS Energy Rating
183 Melbourne Street, North Adelaide is being offered for sale by Expression of Interest closing Thursday 4th November 2021 at 4pm.
For more information or to arrange an inspection please contact exclusive marketing agents, JLL.