Watch Watch
Back
×

2. Property Highlights

Take a Trundle Down Rundle
  • Net Passing income of $465,051 p.a.
  • Prominent corner location
  • Commercial tenancy WALE of 3.98 years

CBRE and McGees Property are excited to present to market this exciting Rundle Mall, multi-tenanted investment property that sits on the corner of the Mall and Twin Street.

Following some advice over the last 12-months, the vendors have restructured the lease throughout the building and now offer the space as a premium leased investment along the tightly held Rundle Mall. Excluding the residential tenancies, the property boasts a WALE of just under 4 years (as at 1 July 2024), together with the short term value-add from the 2-floors and 11 units currently let on 6-12 month residential agreements.

The high profile location, paired with the opportunity for rental growth in the short term makes this an unmissable opportunity, which is highlighted by the below key points:

- Net Passing income of $465,051 p.a.

- Commercial tenancy WALE of 3.98 years (by income)

- 11 short-term residential agreements providing immediate value growth

- Prominent corner location with a combined 37m frontage

- Full site coverage basement space with lift access

- Zoned City Main Street (Rundle Mall)

For Sale via EOI closing the 13th of June at 4:00pm

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

133 Rundle Mall, Adelaide, SA, 5000

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
133 Rundle Mall, Adelaide, SA, 5000 Adelaide Cbd
Enquire
calculator-icon Yield Calculator
calcultor-icon Yield Calculator