Adelaide, 5 May 2015 –A new development located only three kilometres from the Adelaide CBD in the sought after eastern suburb of Stepney has been listed for sale.
CBRE’s Ben Heritage and Will Brown have been appointed to sell the ground floor offices via Private Treaty on behalf of the developer.
Located at 42 Nelson Street, the property comprises ground floor office accommodation ranging in size from between 220sqm – 876sqm. Located above the ground floor offices are upper level residential townhouses, with the development offering both residential and commercial options.
Mr Heritage said the development would offer something unique to the Adelaide market.
“Offering a mix of office accommodation and residential townhouses, this development will be something truly special and like nothing else in the inner suburban market, providing a modern, funky and eye catching building,” Mr Heritage said.
Due for completion in mid-2016, this project provides business owners the opportunity to obtain some office space only minutes from the CBD.
He added: “Given construction has only just begun, incoming purchasers have the opportunity to work with the developer to provide a working environment that they have long been seeking. Two huge bonuses for this opportunity are the significant depreciation benefits offered and the site’s substantial onsite parking facilities for staff and visitors.”
The ground floor commercial space will include a net lettable office area of approximately 876 sqm with 44sqm of support amenities, as well as 37 car parks across the basement and ground floor levels.
Mr Heritage said Nelson Street offered a prime position in a sought after city fringe location.
“City fringe locations such as this continue to be the preferred location for small to medium businesses as they can enjoy on-site car parking and ease of access to and from work, while still being in close proximity to the CBD,” Mr Heritage said.
“In addition to all the above features, the property is located opposite the Avenues Shopping Centre and in walking distance to multiple coffee shops and retail outlets.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.