Breathtaking Bridgestone Investment

RWC Adelaide & Pirie Property Group are pleased to present 235-245 Gouger Street, Adelaide to market.

Bridgestone Gouger Street provides unparalleled potential, sited on a prime Adelaide CBD future development landholding with valuable holding income. The two-street frontage trophy site of 1,633sqm* enjoys dual 'Capital City' and 'City Living' zoning making it ideal for a wide range of future developments and uses - from mixed use commercial, retail and residential. The lease, the location, the flexible zoning and the functional improvements, all offer endless possibilities for visionary developers, occupiers and astute investors.

Key highlights:
• Leased to Blackstone Properties Pty Ltd - a wholly owned subsidiary of Bridgestone Australia Ltd
• Net Lease with tenant responsible for most outgoings including Land Tax
• Leased until December 2027 with a further 5 year option
• Estimated Net Income of $219,233pa (as at January 2025)
• Prime dual fronted site of 1,633sqm* close to Chinatown & Adelaide Central Market precinct
• Across the road from Gurner Group's $1.25B development

*Approximately

For sale via Expression of Interest closing Friday 18 October 2024 at 12pm (ACDT)

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