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Level Ground/198 North Terrace
Adelaide SA 5000
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Sold on 26 Mar 2024

Level Ground/198 North Terrace Adelaide SA 5000

  • Shop & Retail
  • 280 m²
  • Sold

Iconic Adelaide Trophy Investment

    - Securely leased investment to longstanding blue-chip tenant
    - Prime CBD location with significant frontage to North Terrace
    - Surrounded by Adelaide's most significant landmarks

    McGees Property is thrilled to offer an exceptional investment opportunity along the esteemed and coveted North Terrace in the heart of Adelaide's CBD. Widely recognised as Adelaide's ceremonial and premier boulevard, this locale presents an unparalleled chance for investment.

    Key investment highlights:
    - Long standing global tenant OPSM (Luxottica Retail Australia Pty Ltd)
    - Recently committed new 5-year lease expiring 30 June 2029
    - Net Rental $170,000 as at 1st July 2024 p.a. plus GST plus outgoings
    - 280 sqm* net lettable area
    - Basement (vacant possession) also available to purchase - contact agents for more details.

    For Sale by Expressions of Interest closing Tuesday 9 April 2024 at 4pm.

    For further details or to arrange an inspection of Ground Floor, 198 North Terrace, Adelaide contact Igor Jaric, Andrew Wilson or Michael Dimasi of McGees Property (RLA 1722).

    (* approx)

    EXPRESSION OF INTEREST

    Closing date and time09/04/2024 12:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    McGees Property Adelaide
    McGees Property Adelaide
    60 Waymouth Street Adelaide
    Adelaide, SA 5000

    Property Highlights

    Date Sold26 Mar 2024
    Floor Area280 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2019088071
    Category
    Last updated  31 May 2024
    Map for Level Ground/198 North Terrace Adelaide SA 5000
    McGees Property Adelaide
    McGees Property Adelaide
    60 Waymouth Street Adelaide
    Adelaide, SA 5000

    Property Highlights

    Date Sold26 Mar 2024
    Floor Area280 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2019088071
    Category
    Last updated  31 May 2024

    Co-Agents

    Igor Jaric
    Igor Jaric
    McGees Property Adelaide
    Call
    0474 345 945
    Andrew Wilson
    McGees Property Adelaide
    Call
    0450 965 633
    Michael Dimasi
    McGees Property Adelaide
    Call
    0405 360 253

    More about Level Ground/198 North Terrace Adelaide SA 5000

    Level Ground/198 North Terrace Adelaide SA 5000 is categorized as Shop & Retail Property. It has a floor area of 280 m². The listing ID for this property is 2019088071.

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