- 3 shopfronts in the centre of Melbourne Street
- Building area of 336 square metres*
- Land area of 1,230 square metres*
- Prime development potential up to 22 metres* STCC
- Leased to three longstanding tenants with excellent future rental upside potential
- Currently occupied by a café, a fashion boutique, and a barber
- Minutes away from the Adelaide CBD
- Zoned City Main Street (CMS) in the City of Adelaide
121-125 Melbourne Street, North Adelaide is a generational opportunity to secure a premium commercial site comprising two torrens-titled properties in the centre of one of Adelaide's most vibrant high streets. Set on 1,230 square metres of land with a total building area of 336 square metres, the site features three established tenancies, substantial holding income and outstanding development potential.
Ideally located on the eastern side of Melbourne Street, the property benefits from high foot traffic and close proximity within 2.5 kilometres from the Adelaide CBD. 121-125 Melbourne Street is zoned for City Main Street (CMS) in the City of Adelaide, providing capacity for development for up to 22 metres.
Tenants include a longstanding café, fashion boutique and a barber shop all beautifully fitted and trading with established clientele.
Melbourne Street is a thriving retail and hospitality hub surrounded by high-density residential growth. Within close proximity to the site is the $250 million mixed-use development at 88 O'Connell, the $24 million Botten + Bowser high-density residential project and the $57 million Brougham luxury residential project, all within walking distance.
Don't miss this opportunity to invest in a high-performing asset with excellent investment and development upside.
121-125 Melbourne Street, North Adelaide is available for sale with 'best offers' over $3,900,000.
For further information or to arrange an inspection of 121-125 Melbourne Street, North Adelaide, please contact Saxon Smith from Higher Commercial (RLA 323 903) or Helen Gong from Refined Real Estate (RLA 217 949).
Disclaimer:
This advert contains information and imagery which is believed to be accurate based on Higher Commercial sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.highercommercial.com.au | RLA 323 903
