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SOLD

243 Main North Road, Clare, SA, 5453

Properties / Sold / South Australia / Clare

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

730 m² (*approx)

Selling Method

EOI: Price Upon Application

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2. Property Highlights

Blue Chip Investment in the Heart of Clare!

Ray White Commercial Adelaide & Ray White Clare Valley are delighted to exclusively offer to market for sale by Expression of Interest, 243 Main North Road & 28 Old North Road, Clare, South Australia 5453.

Built in 1877, this unique character style, two-storey heritage listed building is one of the finest examples of a late nineteenth century banking house in the Lower North. It contains many classical influences in its design and is a fine example of incredible masonry work. The building forms part of the main streetscape in the business precinct of the Township of Clare and is centrally located in a prime position.

The property was comprehensively refurbished in 2019 offering contemporary office accommodation whilst maintaining and celebrating the classic elements of the building.

The property is securely leased to Australia & New Zealand Banking Group Limited ("ANZ") who have occupied the building since 1877, with a net rental of $101,296.00 per annum (plus GST). ANZ have also recently negotiated a new three (3) year lease with five (5) options of three (3) year renewals.

The property is perfectly positioned in the heart the Clare Valley wine and tourist region, situated in a prime main street location adjoining Ennis Park and the Clare Town Hall. Clare Valley is recognised as one of SA's Top Tourism Town Destinations (2021).

For full details, please contact any of the below agents and request the Property Information Memorandum and accompanying Property Brochure.

Expression of Interest closes 22nd September 2021 at 3.00pm ACST.

Ian Lambert: 0413 155 665

Mark O'Meagher: 0424 156 780

Tali Willcox: 0434 303 458

Remember to mention you found this property on DevelopmentReady