Please CallLot 1/187 Corner Grenfell Street & Frome Street
Lot 1/187 Corner Grenfell Street & Frome Street Adelaide SA 5000
Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 723m2
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East End Leased Investment
On behalf of our valued client, LJ Hooker Commercial is pleased to present to the market for sale, Lots 1,4 & 5 Corner Grenfell Street and Frome Street, Adelaide by way of private treaty.
Located in the prominent and desired east end of the Adelaide CBD, up for sale are three Community Strata Titled units located within a mixed use residential and commercial building. Ideally located and well positioned is a change to own a fantastic leased investment.
Presently, the property is approximately 73% leased to three individual tenants which include oOh! Media, Bodycentric and Metro Homes offering a solid income stream. In additional is the opportunity to either occupy the high profile front tenancy along Grenfell Street or further increase the income.
Convenient City Location The building is prominently located on the south eastern corner of Frome and Grenfell Streets. The location provides excellent amenity, convenience and accessibility for the building's occupants and their clients. A short walk from cosmopolitan Rundle Street East, the property has an outstanding array of restaurants, cafes, wine bars, hotels and retail shops at its doorstep. The property's local offers the accessibility and convenience of a fringe position, whilst still being part of the city's commercial core.
Furthermore, the property is positioned to take advantage of the $672 million Lot Fourteen Urban Renewal Project. With construction well on the way the development showcases one of the most exciting Urban Renewal Projects in Australia. The development is poised to showcase a diverse mix of industries such as space, defence, hi-tech and creative industries.
The property features the following key characteristics:
- 723m2 lettable Area* across three units
- Prominent frontages to both Grenfell Street and Frome Street
- Exposure to 22,400* vehicles, daily
- Zoned Capital City
See MoreProperty Details for Lot 1/187 Corner Grenfell Street & Frome Street, Adelaide
Building Type
Commercial
Floor Size
723m2
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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 17,932 properties.
There are currently 179 properties listed for sale, and 80 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1036 properties were sold in the past 12 months in Adelaide.
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