|Last Updated Date||24 Jul 2020|
32 South Terrace, Adelaide offers a fantastic opportunity for owner-occupiers, investors, and developers to secure prime real estate in the tightly held frame precinct of the Adelaide CBD. Located between West Terrace and Morphett Street, the property comprises a rectangular site of 668 square metres (approx.). A two level office building of approximately 730 square metres is erected on site above under croft car parking for 15 vehicles.
The relocation in the short term of the current occupier allows purchasers the opportunity to unlock significant refurbishment potential and reposition the property to suit their needs or the needs of the market.
Increased height limits in the precinct allow for higher density development along major corridors, particularly in the form of residential and mixed-use development. This development potential underpins your investment and provides immense future development opportunities. The property is perfectly suited to owner-occupiers or investors looking to reposition and reap the rewards.
We envisage interest will come from value-add investors, owner-occupiers and buyers interested in the longer term redevelopment opportunities. JLL is pleased to offer 32 South Terrace, Adelaide to the market and we strongly endorse the property for your serious consideration.
32 South Terrace, Adelaide is offered for sale by Private Treaty. Please contact exclusive selling agents JLL to arrange an inspection with any queries.
JLL RLA 1842
- Prime location fronting South Terrace
- Panoramic views over the South Parklands
- 668 square metres site with rear lane access
- Standalone corporate office
- Two level building of 730 square metres (approx.)
- Under croft parking for up to 15 vehicles
- Offered vacant possession or short term lease back
- Further development potential (stnc)