Ground Floor/23 Peel Street Adelaide SA 5000

Belle Property Commercial Adelaide is delighted to offer Lot 1, 23 Peel Street, Adelaide to the market For Sale by Private Treaty.

This opportunity comprises a unique ground floor community strata in 'Peel Street Chambers' - a grand 6 storey character building positioned in the heart of Peel Street, the West End's most popular drinking and dining destination.

Leased to established and popular Kafana Kitchen and Bar on a 5 + 5 year lease returning $95,000 PA Net Passing Income (Approx).

Key highlights include:
160 sqm* ground floor retail tenancy in arguably Adelaide's most popular CBD laneway
Established restaurant business surrounded by some of Adelaide's trendiest cafes and restaurants
High quality fit out with full commercial kitchen and benefitting from liquor licence
Male / Female amenities including accessible toilets
Basement / Cellar
Tightly held location where opportunities to purchase are seldom seen

23 Peel Street represents an exceptional opportunity for any buyer to purchase an Adelaide CBD retail investment with a lease covenant complementary to this flourishing Peel Street precinct.

For Sale by Private Treaty.

Contact the exclusive selling agents for further information.

David Buenfeld 0416 045 675
Alan Lim 0404 923 695

*Approx.