Own, Occupy or Develop on Melbourne Street

69-71 Melbourne Street, North Adelaide, South Australia 5006

Retail For Sale

For Sale
Land Area: 663.00 m2.    Floor Area: 612.40 m2.    

Description

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.

*approx.

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

Features

  • High profile Melbourne Street address
  • 'High Street' frontage of 18m*
  • Quality improvements of 612sqm*
  • Development upside to 6 storeys (STCC)

Specifications

Council City of Adelaide
Zoning Adelaide City Council

Transaction Details

03 Aug 2018
69-71 Melbourne Street, NORTH ADELAIDE SA 5006, AUSTRALIA

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Talk to us Now
Click below to be
instantly connected with
a Colliers International representative Request Call
Close
Talk to us Now
Complete this form to be instantly connected with a Colliers
International representative.

Please note this service is only available during business hours
Monday to Friday 8.00am-6.00pm (AEST)

Calling you now!

 

Close This Window

Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.