Iconic land rich investment
141-157 O'Connell Street, North Adelaide SA 5006
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RetailSize: n/a
Block size: 1547 m² approx.
JLL is proud to exclusively presents 141-157 O'Connell Street, North Adelaide for sale by Expression of Interest.
Situated in North Adelaide, one of Adelaide's most desirable suburbs and located on O'Connell Street, one of Adelaide's premier high streets, just 2km* from the Adelaide CBD.
The property offers a significant corner site with three street frontages and a huge frontage to O'Connell Street.
Zoned City Main Street, with the property's significant site area and street frontages makes the property an exceptional opportunity for future development.
The two level building provides a range of well established cafes and restaurants to the ground floor, offices to the upper floor and car parks to the rear.
92.5% leased with 9 of the 10 tenancies being occupied, including all of the ground floor, the property offers an attractive income for investors and the ability to add-value to capture income upside.
Well-connected to the CBD with convenient public transportation the precinct is at the doorstep of Adelaide's best attractions including Adelaide Oval, Botanic Gardens, River Torrens, and more making O'Connell Street a prime location for both residents and visitors to enjoy the best of what North Adelaide has to offer.
A central and convenient location which is undergoing a modern renaissance with a number of new high end residential development including Eighty Eight O'Connell, The Brougham Apartments and more.
We highlight the key features below:
- 92.5% occupied with ground floor being fully leased
- Net passing income of $384,579* and an estimated fully leased income of $415,579*
- WALE of 3.74 years* by income (as at 1 March 2024)
- Expansive 1,547sqm* corner site with three street frontages including a 60.76m* frontage to O'Connell Street
- 1,647.5 sqm lettable area over two levels
- Most leases with CPI annual reviews
- Sought after O'Connell Street address, less than 2km from the Adelaide CBD
- City Main Street zoning allowing development up to 4 levels (stnc)
- No stamp duty payable on commercial property transactions South Australia
The potential and flexibility 141-157 O'Connell Street provide is limitless.
For Sale via Expressions of Interest:
Closing 4:00pm (ACST) 7 May 2024
RLA 1842
Situated in North Adelaide, one of Adelaide's most desirable suburbs and located on O'Connell Street, one of Adelaide's premier high streets, just 2km* from the Adelaide CBD.
The property offers a significant corner site with three street frontages and a huge frontage to O'Connell Street.
Zoned City Main Street, with the property's significant site area and street frontages makes the property an exceptional opportunity for future development.
The two level building provides a range of well established cafes and restaurants to the ground floor, offices to the upper floor and car parks to the rear.
92.5% leased with 9 of the 10 tenancies being occupied, including all of the ground floor, the property offers an attractive income for investors and the ability to add-value to capture income upside.
Well-connected to the CBD with convenient public transportation the precinct is at the doorstep of Adelaide's best attractions including Adelaide Oval, Botanic Gardens, River Torrens, and more making O'Connell Street a prime location for both residents and visitors to enjoy the best of what North Adelaide has to offer.
A central and convenient location which is undergoing a modern renaissance with a number of new high end residential development including Eighty Eight O'Connell, The Brougham Apartments and more.
We highlight the key features below:
- 92.5% occupied with ground floor being fully leased
- Net passing income of $384,579* and an estimated fully leased income of $415,579*
- WALE of 3.74 years* by income (as at 1 March 2024)
- Expansive 1,547sqm* corner site with three street frontages including a 60.76m* frontage to O'Connell Street
- 1,647.5 sqm lettable area over two levels
- Most leases with CPI annual reviews
- Sought after O'Connell Street address, less than 2km from the Adelaide CBD
- City Main Street zoning allowing development up to 4 levels (stnc)
- No stamp duty payable on commercial property transactions South Australia
The potential and flexibility 141-157 O'Connell Street provide is limitless.
For Sale via Expressions of Interest:
Closing 4:00pm (ACST) 7 May 2024
RLA 1842
Inspections
No open inspections scheduled.
Send an enquiry
Contact Ben Parkinson to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
1547 m²*
Other Details
Plan Type:
F
Plan:
12095
Parcel Type:
A
Parcel:
2
Legal description:
F/12095/A/2
Maps and area information
Block information
Block size: 1547m² (approx)
Legal description: F/12095/A/2
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
39 years
Population
6,823
Listing ID: 182433948. This listing has been viewed 0 times. It was first displayed on 09/04/2024 and last updated on 18/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.