About the Listing
|Sale or Lease||For Sale|
|Authority||Sale by Negotiation|
|Primary Listing Agent||Romualdo Cicchiello|
Net Income Per Annum$419,448
Current Occupancy RateFully occupied
Current Number of Tenants1
Tenant DetailsGriffins Head Hotel Pty Ltd
Sale Price RangePrice On Application
Current Lease Expiry31 March 2027
Lease Term5 Years
Unparalleled & Iconic Hotel in the Heart of the Adelaide CBD
- Iconic corner location
- Stone’s throw from Rundle Mall
- Enormous development upside
Locally referred to as “The Griffins”, the pub is part of the lifeblood of the Adelaide CBD, with notable local landmarks such as Rymill Park, the Art Gallery of South Australia, the University of South Australia, Adelaide Town Hall, & Victoria Square & Rundle Mall all within walking distance.
For potential buyers looking to purchase a passive asset, the current tenancy pays a handsome $419,448 per annum. Further opportunity for growth in rental return rests with taking advantage of existing generous height limit and development of further lettable space. Land value alone will only increase due to its proximity to the burgeoning CBD.
Being offered for sale by Private Treaty
Please submit the form below to access downloadable files for this property.