62-68 Currie St, Adelaide

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$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!

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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.