Adelaide, 09 May 2016 – The home of Norwood’s iconic Charles Street Deli has been placed on the market, with significant interest expected from a range of developers and investors.
CBRE’s Mitch Curnow and Harry Einarson have been appointed to sell the site, which is located at 38 Charles Street, Norwood.
The 381sqm site, which is currently operating as a local deli, features heritage listed shopfront and original external walls/windows. The property benefits from the opportunity for either commercial or residential conversion (STCC).
Mr Curnow said the property represents an outstanding residential or commercial development opportunity within the city fringe market
“Given the heritage façade, 38 Charles Street presents an ideal opportunity to create a unique residential product or a quirky office/consulting space. The property’s private owner has deemed it an ideal time to sell given the high level of buyer interest in Norwood currently.”
The property will be sold via a public on-site auction, held on Thursday, 26th May at 11:00am.
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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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.