CBRE Metropolitan Investments are excited to present to market the next logical site in the continued development of the western end of the Adelaide CBD.
The west of Adelaide’s CBD has gone from strength to strength over the past few years as the Biomedical Precinct and Universities continue to grow and evolve. Located in close proximity to this exciting hive of activity, 193-197 and 198 Waymouth Street is perfectly located to capitalise on this current growth.
Having been occupied by Koorong Books since 1998, the existing improvements on 198 Waymouth Street total roughly 1,349sqm* of retail showroom on 1,374sqm* of land. Directly across the road is 193-197 Waymouth Street which consists of 19 car parks on 543sqm* of land.
Offered in one line or individually, the site has holding income until the end of June 2024. For groups looking to redevelop the property earlier there are vendor favourable redevelopment clauses contained in the lease.
With a successful apartment project already coming out of the ground next door, 193-197 and 198 Waymouth Street is a site not to be missed.
Other key highlights include:
• Total site area of 1,917sqm*
• Offered with holding income until June 2024
• Zoned Capital City allowing up to 43m* of development
• Close proximity to Biomedical Precinct and Universities
• Over 40m* of total frontage to Waymouth Street
• No stamp duty applicable
193-197 and 198 Waymouth Street, Adelaide are offered for sale in one line or individually
Please contact the sole marketing agents with any other questions:
Harry Einarson: +61 421 747 442
Ned Looker: +61 448 689 573
Rhyce Scott: +61 422 960 585
Approximately*
Remember to mention you found this property on DevelopmentReady
Close
