43-69 Sturt St, Adelaide
Price on Application- Property type: Land/Development
- Floor Area: 0 sq metres
- Zoning: City Main Street - CMS
- Land size: 7418 sq metres
- Listing type: For Sale
- Tenancy: Vacant Possession
Prime Development Opportunity at 43-69 Sturt Street, Adelaide
Discover a rare opportunity in Adelaide's rapidly evolving southern frame precinct. Situated strategically between the lush South Park Lands and the bustling Adelaide Central Market, and just a stone's throw from King William Street, this mixed-use zone promises exponential growth. Recent large-scale residential projects in the vicinity are testament to the precinct's burgeoning popularity.
Why 43-69 Sturt Street Stands Out:
• Expansive mixed-use site spanning approximately 7,418 sqm.
• Pre-approved development for a phased project comprising apartments, a hotel, and retail spaces. (DA extension subject to confirmation).
• Multiple extensive frontages on Sturt Street, Gilbert Street, Norman Street, and Meyer Street ensure easy access and potential pedestrian pathways.
• Part of the property boasts a state-of-the-art multi-level basement carpark at the Gilbert Street end, along with built lift shafts.
• Nestled in one of Adelaide's most dynamic urban living hubs.
• Enjoy the convenience of being a short walk from the Free City Tram, vibrant Chinatown, the iconic Adelaide Central Market, and the heart of the CBD.
Additional Highlights:
• Vendor financing available.
• Detailed engineer reports on the present site condition ready for review.
• Two current leases bring in a combined revenue of approximately $320,000 annually.
• Financials: Land Tax (single holdings) stands at roughly $190,000(A), council rate is around $75,000(A), ESL fees approximate $2,000(A), and SA Water charges come to about $6,000(A).
Seize this unmatched prospect, filled with potential and promise. For detailed insights and further information, reach out to Simon Hou on 0423 807 866.
