The historic George House located on Adelaide’s Norwood Parade retail strip has been listed for sale for the first time in more than four decades.
Located at 207 The Parade – in the heart of Norwood’s shopping hub – the mansion style property has been converted to a commercial premises comprising 621sqm over three levels.
The property, which was built in the late 1800s and offers 16 metres’ frontage to The Parade, is 100% leased to multiple tenants, including Shadia Design - a graphic design business that has called George House home since 1987.
CBRE’s Ben Heritage and Harry Einarson have been appointed to market the property on behalf of a private investor via an Expression of Interest campaign.
Mr Heritage said the property’s unique grandeur in a prime location would underpin buyer interest.
“George House is a grand old building steeped in rich history – no other building along Norwood Parade offers these unique characteristics and qualities,” Mr Heritage said.
“When the building was first built in the late 1800s, the tower was used to watch the ships coming and going from the outer harbour, but now it has a much more economic and commercial nature to it, being leased to eight different tenants.”
Mr Einarson said the property had been carefully maintained over the years to ensure it stayed true to its rich history.
“George House has been under the same ownership for the past 40 years or so and has provided the current owners with years of pride and joy through maintaining and restoring the grand opulence of this magnificent building,” Mr Einarson explained.
“In the 1980s, the current owners undertook substantial renovations with a three level extension to expand and provide further office accommodation.
He added: “This grand building is located in the best precinct along Norwood Parade, being surrounded by national retail brands as Country Road and Gazman, as well as some of the eastern suburbs’ best eateries including the Bath Hotel, European Café and Argo on the Parade.”
The property is being offered for sale via Expression of Interest closing 4pm, June 8.
Located at 207 The Parade – in the heart of Norwood’s shopping hub – the mansion style property has been converted to a commercial premises comprising 621sqm over three levels.
The property, which was built in the late 1800s and offers 16 metres’ frontage to The Parade, is 100% leased to multiple tenants, including Shadia Design - a graphic design business that has called George House home since 1987.
CBRE’s Ben Heritage and Harry Einarson have been appointed to market the property on behalf of a private investor via an Expression of Interest campaign.
Mr Heritage said the property’s unique grandeur in a prime location would underpin buyer interest.
“George House is a grand old building steeped in rich history – no other building along Norwood Parade offers these unique characteristics and qualities,” Mr Heritage said.
“When the building was first built in the late 1800s, the tower was used to watch the ships coming and going from the outer harbour, but now it has a much more economic and commercial nature to it, being leased to eight different tenants.”
Mr Einarson said the property had been carefully maintained over the years to ensure it stayed true to its rich history.
“George House has been under the same ownership for the past 40 years or so and has provided the current owners with years of pride and joy through maintaining and restoring the grand opulence of this magnificent building,” Mr Einarson explained.
“In the 1980s, the current owners undertook substantial renovations with a three level extension to expand and provide further office accommodation.
He added: “This grand building is located in the best precinct along Norwood Parade, being surrounded by national retail brands as Country Road and Gazman, as well as some of the eastern suburbs’ best eateries including the Bath Hotel, European Café and Argo on the Parade.”
The property is being offered for sale via Expression of Interest closing 4pm, June 8.
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
