111 Gawler Place, Adelaide, SA, 5000

Colliers is pleased to present 111 Gawler Place, Adelaide, an extensively refurbished CBD office tower strategically positioned within Adelaide's premier commercial precinct.

Occupying a prominent corner site in the heart of the CBD, the asset comprises approximately 5,658sqm of net lettable area across 11 levels and has been significantly repositioned through extensive capital upgrades, including new lifts, upgraded mechanical services and a refurbished entry foyer.

The property provides a diversified income stream from an established tenant base including SA Government, ENTX Ltd, Synergie, Howe Jenkin, Smith Motor Company and Secure Parking. With occupancy of approximately 81%, investors are presented with immediate income alongside a compelling opportunity to enhance returns through the leasing of existing vacancy.

Key investment highlights:

- Prime Adelaide CBD office tower (5,658sqm NLA)

- 81% occupied with significant leasing upside

- Passing net income of ~$1.74m p.a.*

- Fully leased income potential of ~$2.32m p.a.*

- Diverse tenant roster including government and corporate occupiers

- Extensive recent refurbishment and capital upgrades

- New lifts and mechanical plant with minimal near-term CAPEX

- Predominantly net leases with 3-4% annual reviews

- 4-star NABERS energy rating

-Excellent connectivity to Rundle Mall and public transport

*Approximate

For further details or to book a private inspection, please contact the exclusive agents.

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