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2. Property Highlights

Fringe Office Building | Attention Owner Occupiers and Investors
  • 3,158sq m NLA*
  • Opportunity to owner occupy & reposition
  • Thriving East End CBD location

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.

Remember to mention you found this property on CommercialReady

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3. Property Location

139 Frome Street, Adelaide, SA, 5000

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4. Due Diligence

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