A rare and exciting opportunity to purchase your own freestanding mixed use investment in the Policy Area 32 zone, situated within the tightly held and increasingly popular cosmopolitan Semaphore Road Precinct.
Housed in a fabulously presented Art Deco combined with retro New York styling, and set on 975m2 (approx.) of absolute prime land, the life story of this cinema is colourful.
Originally the cinema opened as the Wondergraph Picture Palace in 1920; at the cost of three pence a show, in 1952, it became the Odeon Star that we know and love today.
In addition to the cinema, an established barber shop makes up part of the complex with a lease in place until 2025.
What we love: - Versatile floor plan design; utilise as one, of be ahead of the curve and use for multiple space/office options (S.T.C.C) - Historic location and known piece of Semaphore - Huge potential of over 1,000m2 across two levels - Valuable two street frontages - Warehouse style void to the rear of the complex with roller door entry from Nelson Street
Keep the history alive with yesteryear, or bring this stunning building into modern times and utilise the floor space as multiple office/dwelling opportunities (S.T.C.C.). Be ahead if the curve and cement your place in history with this fantastic opportunity.
In the heart of our north-western seaside suburb with its new found sense of style, the location of this historic building simply cannot be beat, relish in this thriving location and be a part of the history of Semaphore Road, one of Adelaide's widest boulevards.
For further information please contact Frank Azzollini on 0419 849 037.
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Contact Francesco Azzollini to learn more about this property, request an inspection or take an online tour.
Block Size:975 m²*
*These are approximate values based on available information.
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A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
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