162-164 Wakefield Street & 139 Ifould Street, Adelaide SA 5000, Adelaide, SA

2 CBD Development Sites “diamond in the rough” opportunity

Frontages to Wakefield & Ifould St
Zone Capital City
Fabulous multifaceted opportunity

Within 1km of CBD, Rundle Mall and Central Market, 200m* from the new Calvary Adelaide Hospital and on one of Adelaide’s premier tree lined Boulevards these two adjoining sites provide a strategic and outstanding development opportunity.

  • Well suited for commercial, hotel, accommodation or apartment development within the developing City East
  • Combined site area of 738.5sqm | Wakefield St – 413sqm*, Ifould St – 325.5sqm
  • Two street frontages offering versatile built form options
  • Capital City Zone provides an opportunity for construction up to 53m, approximately 16-17 levels.
  • The properties are currently utilised as a public carpark which is leased by Park Fast providing a valuable gross income of $70k + and subsequently a positive holding income of $50k +. The agreement allows for 6 months’ notice to terminate and proceed to develop the property.

*Approx.

 

 

PROPERTY SNAPSHOT