172-174 and 176-178 Grote Street, 172-178 Grote Street, Adelaide, SA 5000

Magnificent future development site situated between the Adelaide Central Market and University Campus, currently disposed as two separate buildings, each fully leased and generating significant holding income.

Located just 550metres west of Victoria Square, on the premier boulevard from Adelaide Airport to the City, the property is surrounded by Student Accommodation, Residential Apartments and retail showrooms.

The first time offered on the open market in decades, this is a rare opportunity to secure a strategic landholding in the popular north western quadrant of the City.

Available for purchase either in one line, or individually, each property is secured by strong income streams, with the opportunity to unlock a future development through triggering redevelopment clauses.  Each lease is structured on a net basis, with the tenant responsible for the payment of outgoings (excluding State Land Tax).

South Australia's unique advantage of No Stamp Duty payable on commercial conveyances will add to this attractive and exciting opportunity.