Land

211 Pirie Street, Adelaide

211 Pirie Street Adelaide, SA Australia 5000
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Land Area ()

Property Description

JLL on behalf of the City of Adelaide, is pleased to offer for sale by expression of interest a strategic development site located at 211 Pirie Street, Adelaide.


The 1,569sqm* site with three street frontages is ideally situated in the popular eastern side of the CBD, in easy walking distance to Hindmarsh Square , Lot Fourteen, Rundle St East, the East Park Lands and Rundle Mall.


The core offering of 211 Pirie Street will drive the sale outcome, however the City of Adelaide is also willing to consider the inclusion of the adjoining Pirie Flinders UPark car park as a value add opportunity to a purchaser who can show a compelling rationale for the two properties to be sold in one line.

Investment Highlights

The City of Adelaide would like to maintain access to its ongoing use and operation of the car park which provides an important role in servicing businesses, offices and retailers nearby, in addition to providing a strong income stream. The City of Adelaide will however consider commercial approaches which provide a compelling value proposition.


This is a key opportunity for a strategic developer to unlock a key corner position in the Adelaide CBD, either stand alone or with the adjoining car park.


We encourange your consideration of the opportunity and participation in this important sale by expression of interest, closing Thursday 30 September 2021 at 4pm.


*Approx.

Last Updated Date: 20 Sep 2021
Roger Klem
Roger Klem
Head of Sales and Investments - SA
Jed Harley
Jed Harley
Director, Sales & Investments - SA

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Last Updated Date: 20 Sep 2021

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