Belle Property Commercial is proud to offer for sale, this unique property in one of Adelaide's most highly sought after CBD precincts.
Key highlights:
- Site Area 270 sqm (Approx.)
- Building Area 750 sqm (Approx.)
- Major Growth Precinct
- Unique 3 storey mixed-use building with rear laneway access
- 29 Rooms of accommodation all with en-suite
- No heritage attachments
- High rental returns
- Adjacent to the famous Adelaide Central Market and Chinatown
- Rare opportunity to invest now, reposition, or redevelop in the highly flexible Capital City zone (43 metres *)
130 Wright Street comprises a three-storey mixed-use building currently configured as a 29-room hostel with a manager's office and ground floor retail/office held under one Certificate of Title. Being in one of the most recognised and tightly held precincts in the city of Adelaide, the opportunity to acquire any property in this location is seldom seen let alone a property with this much potential.
This property will appeal to the broader market, particularly mixed-use operators and investors looking to utilise the building in its current form and those seeking to re-purpose and reposition the building. With its rear laneway access, the property also provides enormous potential for total redevelopment in the highly flexible Capital City Zone where the maximum building height is 43 metres.
The property presents as an Owner Operator opportunity or as a Hospitality Investment under a new management agreement or similar with an alternate operator.
The location offers incredible amenity by virtue of it being at the doorstep of Adelaide's ever popular Chinatown and the World-renowned Adelaide Central Market. The immediate area is experiencing major growth through a multitude of recently completed projects and projects currently underway including the redevelopment of the Central Market Arcade.
130 Wright Street, Adelaide is offered for sale by Private Treaty.
Contact the exclusive selling agents for further information.
Alan Lim
David Buenfeld
*Approx
RLA 287 133
