A prominent office building located in Adelaide CBD’s East End has hit the market for the first time in nearly four decades.
Located at 300 Flinders Street, on the corner of Hutt Street, the property features multiple tenants, including lawyers, conveyancers, accountants, and other professional services, ensuring a diverse income stream.
CBRE Adelaide agents Ned Looker, Alistair Laycock, and Oliver Grivell are managing the sale via an Expressions of Interest Campaign.
Mr Looker noted the property was an attractive prospect for investors looking to capitalise on the thriving East End. Positioned on a high-profile corner, the asset has immense underlying land value, with future mixed-use development potential making this an appealing land banking opportunity.
“This is one of those assets that you see as a real estate agent and wish you were actually buying it – not selling,” Mr Looker said.
“The East End has seen a resurgence as businesses look to get back into CBD offices, and this property is ideally located with convenient access to retail, food and beverage offerings.
“This asset will also appeal to future owner-occupiers or investors with an opportunity to slowly refurbish existing tenancies to maximise rental returns and enhance the long-term security of the building. With approximately 300sqm floorplates, balconies on every level, and substantial branding opportunities on this busy corner, there is significant potential for a variety of businesses to realise their vision,” Mr Looker added.
The four-level building, encompassing a generous 995sqm, has stability and growth potential with an estimated fully-leased annual net income of $233,000.
The property also includes a total of 25 car parks, comprising 16 secure basement parks and nine undercover parks, addressing the increasing demand for accessible parking in the area.
The Expressions of Interest Campaign closes on Thursday, June 24, 2025.
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