CBRE has just listed a new development opportunity for sale in the Adelaide CBD, with price expectations north of $4000 a square metre.
The 525sqm landholding at 46 Carrington Street features Capital City Zoning, allowing development of up to 53m (STCC), and street frontage of 17m.
CBRE’s Rhyce Scott and Ned Looker will negotiate the sale of the site.
Mr Scott noted that with stamp duty now removed on commercial transactions, and business confidence in South Australia at record levels, there has never been a better time to invest in commercial real estate.
“We are seeing strong momentum build in the SA commercial market, as purchasers take advantage of soaring confidence and record low interest rates,” Mr Scott said.
Mr Looker added that 46 Carrington Street was an exciting owner occupier or development opportunity, where the purchaser could take advantage of the surrounding infrastructure and favourable zoning.
“The current structure is adaptable and could be opened right up, offering the purchaser an opportunity to undertake a fun refurbishment project,” Mr Looker said.
The property is positioned in proximity to Victoria Square, the Adelaide Magistrates Court and the new $300 million Calvary Hospital.
46 Carrington Street is for sale via Expressions of Interest, closing 26 September 2019 at 4pm (ACST).
The 525sqm landholding at 46 Carrington Street features Capital City Zoning, allowing development of up to 53m (STCC), and street frontage of 17m.
CBRE’s Rhyce Scott and Ned Looker will negotiate the sale of the site.
Mr Scott noted that with stamp duty now removed on commercial transactions, and business confidence in South Australia at record levels, there has never been a better time to invest in commercial real estate.
“We are seeing strong momentum build in the SA commercial market, as purchasers take advantage of soaring confidence and record low interest rates,” Mr Scott said.
Mr Looker added that 46 Carrington Street was an exciting owner occupier or development opportunity, where the purchaser could take advantage of the surrounding infrastructure and favourable zoning.
“The current structure is adaptable and could be opened right up, offering the purchaser an opportunity to undertake a fun refurbishment project,” Mr Looker said.
The property is positioned in proximity to Victoria Square, the Adelaide Magistrates Court and the new $300 million Calvary Hospital.
46 Carrington Street is for sale via Expressions of Interest, closing 26 September 2019 at 4pm (ACST).
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
