71-75 Gouger Street, Adelaide

LANDMARK GOUGER STREET PROPERTY IN HEART OF ADELAIDE'S VIBRANT, TIGHTLY HELD CENTRAL MARKET/CHINATOWN PRECINT

The offering represents opportunity to acquire a freestanding Torrens Titled building, with impressive frontages, set on valuable corner allotment of approx. 334 sqm.

The upper level comprises self-contained commercial offices with dedicated entrance from Gouger Street. Level 1 is securely leased for a term of 5 y + 5 y from 25.01.2024, to established Tenant (as legal offices) at current rent of $66,625.00 PA + GST + outgoings, with inclusion of a redevelopment clause to apply any time from 25.01.2029. Summary of lease can be provided on request.

The ground level (former banking chamber) is vacant, with an area of about 310 sqm, is fully self-contained, with own mechanical plant, toilet amenities and a basement is included. The ground level is suited for retention as office use, or conversion to Retail, Hospitality, Medical etc., (STNC).

The current zoning and location of the property allows for a diverse range of activities, inclusive of medium to high density residential dwellings at upper levels (STNC).

The property will appeal to long-term local or interstate investors, seeking to purchase strategic CBD assets, in guaranteed growth location, with income stream and future developmental options as well.

The property will also appeal to an intending owner/occupier who can operate its business from the ground level, whilst receiving income from level 1.

71-75 Gouger Street is adjacent to Adelaide's Central Market & Victoria Square and within metres of the new $400 Million 'Market Square' multi-use development under construction across the road.

The property is offered for genuine sale by Public Auction, on premises - Wednesday 29th October @ 11.30am (unless sold prior).

Nil stamp duty shall be payable by the Purchaser, the property will be sold as a going concerns - free of any GST.

Inspection is strictly by prior arrangement with the exclusive selling agents.

To register your interest in this exciting and rare CBD holding, contact George Zogopoulos, 8410 6444 or 0412 824 278, email: gz@negotiatorsrealestate.com.au

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