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235-245 Gouger Street
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 517m2
Land area: 1633m2
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Breathtaking Bridgestone Investment

RWC Adelaide & Pirie Property Group are pleased to present 235-245 Gouger Street, Adelaide to market.
Bridgestone Gouger Street provides unparalleled potential, sited on a prime Adelaide CBD future development landholding with valuable holding income. The two-street frontage trophy site of 1,633sqm* enjoys dual 'Capital City' and 'City Living' zoning making it ideal for a wide range of future developments and uses - from mixed use commercial, retail and residential. The lease, the location, the flexible zoning and the functional improvements, all offer endless possibilities for visionary developers, occupiers and astute investors.
Key highlights:
• Leased to Blackstone Properties Pty Ltd - a wholly owned subsidiary of Bridgestone Australia Ltd
• Net Lease with tenant responsible for most outgoings including Land Tax
• Leased until December 2027 with a further 5 year option
• Estimated Net Income of $219,233pa (as at January 2025)
• Prime dual fronted site of 1,633sqm* close to Chinatown & Adelaide Central Market precinct
• Across the road from Gurner Group's $1.25B development
*Approximately
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Property Details for 235-245 Gouger St, Adelaide

Building Type
Commercial
Floor Size
517m2
Land Size
1633m2

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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 17,968 properties. Over the last 5 years, Houses in Adelaide have seen a 53.55% increase in median value, while Units have seen a 20.33% increase. As at 31 August 2024:

  • The median value for Houses in Adelaide is $1,105,627 while the median value for Units is $502,014.
  • Houses have a median rent of $613 while Units have a median rent of $570.
There are currently 178 properties listed for sale, and 84 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1084 properties were sold in the past 12 months in Adelaide.

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Harry Einarson
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Oliver Totani
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RWC Adelaide
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.