139 Frome Street, Adelaide, SA, 5000

139 Frome Street is a prime CBD value add opportunity located in the bustling East End of Adelaide. Partially refurbished, the asset provides potential for both owner occupiers seeking a prominent CBD head office and/or value add investors seeking to capitalise on the strategic location and reposition upside.

The building was constructed in 1990 around a central dual lift core, offering excellent natural light and prominence to Frome Street with large 700sq m* floor plates providing flexible tenant options and layouts. Currently partly occupied providing a stable holding income.

Key Highlights:

• Excellent opportunity for complete refurbishment and/or repositioning

• Thriving East End precinct within walking distance to Rundle Street, Rundle Mall, Hutt Street and parklands

• 3,158sq m NLA over 5 levels including basement, typical floor plate of 700sq m

• The adaptable floor plates offer efficiency to split floors into multiple tenancies

• Prominent position within the East End providing over 36 metres of frontage

• 57% leased to Funk Coffee, Crawford Legal, Crawford IT, Smart Energy, Lend Lease and NextDC

• 26 basement car parks accessed via Sudholz Place

• Value buying at well below replacement cost

• Capital City zone – within the Adelaide City Council

139 Frome Street is for sale by expression of interest closing Thursday 20th June 2024 at 4pm ACST.

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