43-69 Sturt St, Adelaide

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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.

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I would like to thank William on his hard work and professionalism in the sale of my home. William was always polite and respectful in dealing with my wife and I and gave us honest and valuable advice where needed. He worked tirelessly from morning til late at night and went above and beyond to make a stressful time in a our lives easy. I would highly recommend William to anyone selling their home.

- MICHAEL

Thanks, Aditya for making the sale of our first home a success.

I would like to commend the exceptional, professional services delivered by Aditya Singh of DG Real estate. This was the first time I was selling a property. I was a bit concern about the selling process, however, all the process went smoothly with Aditya's coordinated planning. Aditya was the perfect choice of agent__honest, committed and always available. He did an outstanding job throughout the process. His Knowledge of property value, home staging, and internet marketing are unsurpassed.

Aman

- Aman
Athelstone

My family and I would like to thank Richard for his excellent professionalism to sell our properties in Adelaide. We had no experience to sell a property before and had no idea what we had to do and how to do, more importantly, we are living in another city, thousands miles away from Adelaide. We must need a trust worthy person to have everything done properly for us. A close friend recommended Richard from DG real estate to us. Richard had sold his home a few months ago with an excellent outcome of price and service. We had a phone talk with Richard. We instantly liked him because of his knowledge and experience in the Adelaide real estate market, and also he understood our difficulties and concerns in our case. The property was finally only on the market for three weeks and sold before auction. Richard also helped us to finalize almost everything for the smooth settlement of the property. It’s our luck to utilise Richard’s service. So we are more than happy to recommend Richard to all of our friends when they sell their properties in Adelaide.

- Bob & Tina
Clapham

Richard negotiated a sale price that exceeded expectations and after only one weekend on the market. Richard worked to accommodate my personal circumstances and when I was unsure about how to proceed, Richard listened to my concerns and was very patient, helpful and kind. I am really happy I sold with Richard Chiu at DG Real Estate.