Adelaide, 11 August 2014 – A prominent Yorke Peninsula office building, previously occupied by Telstra and local government, has been listed for sale.
Located at 13 Taylor Street, the 2,224sqm property includes a two-storey office building comprising 1,464sqm of lettable space. The property, which is being sold vacant possession, features two floors of open plan office space well suited for multiple tenancies.
CBRE’s Ben Heritage and Will Brown are selling the property on behalf of receiver Moore Stephens via an Expressions of Interest campaign closing August 21.
Mr Heritage said the property represented an outstanding investment opportunity in Yorke Peninsula’s CBD.
“Previously used an office building for Telstra and local government, this office building holds significant potential for renovation and refurbishment,” Mr Heritage said.
“The property’s flexible zoning – Town Centre Kadina – allows for a range of potential uses beyond office accommodation.”
Mr Brown said the property’s central location would be a major selling factor.
“Its high profile position and direct access to Taylor Street from the Copper Coast Highway is a big plus for potential buyers,” Mr Brown said.
“Kadina has a strong base population of 5,000, which is supplemented by many locals who frequent the town as it operates as the central business hub of the Yorke Peninsula. Taking advantage of the thriving agricultural industry in the region, Kadina continues to grow as the epicentre of the Yorke Peninsula."
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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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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 atwww.cbre.com.au.