Own, Occupy or Develop on Melbourne Street
69-71 Melbourne Street, North Adelaide, South Australia 5006
Retail For Sale
Land Area: 663.00 m2. Floor Area: 612.40 m2.
Colliers International is privileged to offer for sale 69-71 Melbourne Street, North Adelaide, a contemporary styled building located in the heart of the bustling North Adelaide precinct. The single level building with a short lease tail to long standing tenant, Club Rhythm, provides proven holding income, whilst astute buyers work towards re-positioning the asset and extracting full value.
Colliers International highlight the following key investment features:
• Prominently located along one of Adelaide’s premier high streets, offering an expansive street frontage of 18m*
• Significant allotment covering 663sqm* spread over 2 Certificate of Titles
• Refurbished improvements of 612sqm* perfectly positioned to suit retail, office, medical/consulting services
• Rear access via Colley Street allowing valuable on-site car parking
• Zoned – Main Street (Melbourne East) within the City of Adelaide, promoting development of medium to high density residential of up to 6 storeys (STCC)
• Short term lease to long standing tenant, Club Rhythm, providing secure holding income of $75,600 gross per annum until December 2018
Quality retail improvements, short term holding income, high profile location and genuine future development upside. 69-71 Melbourne Street is destined to appeal to owner occupiers, investors and developers alike.
For sale by Public Auction to be held on-site Friday 3rd August at 11.00am (ACST).
An information memorandum is available upon request.
To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:
Oliver Totani +61 412 808 743
Jack Dyson +61 448 685 593
Tom Isaksson +61 422 154 570
- High profile Melbourne Street address
- 'High Street' frontage of 18m*
- Quality improvements of 612sqm*
- Development upside to 6 storeys (STCC)
||City of Adelaide
||Adelaide City Council
03 Aug 2018
69-71 Melbourne Street, NORTH ADELAIDE SA 5006, AUSTRALIA
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