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  • 22-24 Gilbert Street, ADELAIDE, SA 5000

22-24 Gilbert Street, Adelaide, SA 5000

  • 756sqm
    • For Sale

      PRIME DEVELOPMENT ALLOTMENT IN ADELAIDE'S SOUTH END : CORNER SITE OF 760 M2* IMPRESSIVE HOLDING INCOME - UP TO 53M HEIGHT DEVELOPMENT (STCC)

      Raine & Horne Commercial SA are proud to offer for sale this exceptional potential development site in Adelaide's CBD location. Located meters from the GPO, law Courts, Central Market and a short walk or tram ride to Adelaide's premier shopping precinct, Rundle Mall and Adelaide Oval. The property comprises prominent corner allotment of approximately 760 m2 with a frontage to Gilbert Street of 24.69 m and a frontage to Tapley Street 0f 30.78 m. Currently leased to Prohibition Liquor Co Pty Ltd for s term of 5 + 5 + 5 years commencing 1st August 2019. The lease has a development clause which can be exercised after July 2026 providing ample opportunity for planning approvals etc whilst collecting good holding income (circa $100,000 pa net). Zoning: Capital City Zone allowing up to 53m height development (subject to usual consents) *All areas/dimensions approximate RLA 205498

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      avatar David Ente
      David Ente
      Director Raine &Horne Commercial SA

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      Property Info:
      • Property ID: L23063157
      • Property Type:Land/Development
      • Building / Floor Area:756 sqm
      • Land Area:760 sqm

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