85-87 Gilbert Street, Adelaide, South Australia 5000

SOLD

PERMIT READY – CBD DEVELOPMENT SITE

What a fantastic opportunity to acquire a prime 522sqm* corner parcel of land located in the vibrant southern quadrant of the Adelaide CBD!

All the hard-work has been done and all that is required is for you to finalise Building Certification and get under way with construction… with no expected delays!

Capitalise on the strengthening market for high quality inner city residential living.

This development is boutique and only requires a low number of presales to get underway. 

Perhaps you have developed nearby and wish to capitalise on your recent success and surplus buyer pool OR perhaps you are looking to undertake your first development in the CBD and want something that has been de-risked OR perhaps you are from interstate or overseas and want to enter the Adelaide market and expand your development horizons?

No matter what your motivation 85-87 Gilbert Street, Adelaide will meet your expectations and then some!

What’s more the site is being sold as a going concern and is fully leased to a well-known carpark operator on a net lease structure.

Full plans and complete documentation are available for the successful purchaser. Also variations of the approved 14 apartment option have been undertaken including;
- a high density 40x1 bedroom apartments over 5 levels and
- a hybrid 5 townhouse plus 6x1 bedroom apartments 

The zoning also provides for commercial development or a mixture of commercial and residential. 

Please register your interest with the selling agents to participate in this exciting opportunity.

*approx.

FEATURES
-ACC approved 14 apartments over 5 levels
-Corner location in South quadrant of CBD
-Holding income from CP operator
-Café, shops and tram all nearby

Auction: 12pm Friday, 24th March

Remember to mention you found this property on DevelopmentReady