62-68 Currie St, Adelaide
$11,000,000- Property type: Land/Development
- Floor Area: 0 sq metres
- Zoning: Capital City - CC
- Land size: 1250 sq metres
- Listing type: For Sale
- Tenancy: Vacant Possession
PRIME ADELAIDE CBD DEVELOPMENT OPPORTUNITY: UNPARALLELED POTENTIAL IN THE HEART OF THE CITY!
62-68 Currie St Adelaide SA 5000
Key Highlights:
• Prime Location: Situated in the core of Adelaide's city centre, this site enjoys unmatched accessibility and immense commercial potential. With convenient transportation options and key streets like King William St, Hindley St, Waymouth St, North Terrace, and Rundle Mall at your doorstep, this location is ideal for any business venture.
• No Height Restrictions: Architects and developers can let their creativity soar, as this locale imposes no height restrictions. Unleash your imagination and bring your designs and visions to life like never before.
• Generous Land Dimensions: Spanning approximately 1,250sqm, this prime property offers a remarkable 24.5m frontage on Currie Street. Additionally, the convenience of both front and rear street accesses via Schrader Street ensures optimal accessibility.
• Approved Plans: We are pleased to share that this site is fully approved for a 25-story office and hotel complex, with complete blueprints readily available. This not only adds significant value to the property but also streamlines the development process, saving you valuable time and effort.
• Versatile Options: This amazing location is not limited to office and hotel development. It is also ideal for apartments, service apartments, build-to-rent properties, and student accommodation, given its central location and accessibility.
• Holding Income: As a bonus, the property currently generates an approximate holding income of $104,000 per annum net through two existing tenants. These leases include a "development clause," ensuring a smooth transition during the construction phase. Should you require vacant possession, tenants can cooperate and vacate with a six-month notice.
This exceptional development site in Adelaide's central business district is truly a diamond in the rough. The combined potential from its geographic position, generous dimensions, and pre-approved plans makes this a not-to-be-missed investment opportunity.
Interested? Questions? Please don't hesitate to contact Simon Hou on 0423 807 866. We look forward to collaborating with you on this rare Adelaide jewel!
