104 Frome Street
AU - Adelaide, APAC
4,611 m²
Asset Description
JLL and Leedwell are pleased to present 1 Hugh Cairns Avenue for sale by expression of interest. A secure investment opportunity fully leased to ASX-listed Westpac Banking Corporation. The property offers an opportunity to secure both a strong income stream and significant future repositioning and/or development potential.
A modern two level campus style commercial office building with on-site car parking and a fully operational standalone Childcare centre.
Strategically located to capitalise on the substantial Government spend across the North-South Corridor, Flinders Link railway expansion, Tonsley Innovation District – along with being a short distance to the Flinders Medical Centre and Flinders University.
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Attributes
Building area net
5,874 m²
Occupancy
100%
Land area gross
28,500 m²
Parking spaces
409
Media
Investment Highlights
- Superb office building of 5,874sqm* and childcare centre of 350sqm*
- Huge site area of 28,500sqm* with 409 on site car parks.
- Fully leased to Westpac until October 2025 with a net income of $1,950,789 p.a*
- Secure cash flow with value add, repositioning, or redevelopment potential.
- 3.5 star NABERS rating
The property is offered for sale by expression of interest closing Wednesday 10 April 2024 at 4pm (ACST).
For more information or to arrange an inspection, please contact exclusive selling agents JLL & Leedwell.
*Approx
JLL RLA 1842
Leedwell RLA 222153
Contact brokers
1 Hugh Cairns Avenue, Bedford Park (0 Properties)
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Last updated
20 Mar 2024
