Inner Adelaide office building up for sale

16 August 2023

A high-profile corporate office building in Marleston, 10 minutes from the centre of the CBD, is up for sale.

The two-level building at 188-192 Richmond Road is being offered to the market with vacant possession via an Expressions of Interest campaign run by Jack Dyson and Oliver Totani of Knight Frank on behalf of the vendor.

It has a net lettable area of some 1,189sq m on a 2,084sq m block with 43 metres of frontage to Richmond Road. It also has parking for 45 vehicles.

The office building fit-out includes open plan and partitioned offices, a boardroom, meeting rooms, staff amenities, storage areas and a lift connecting the two levels.

Mr. Dyson said the building was a prime investment opportunity, with interest being fielded from both investors and owner-occupiers.

“The location of the property in the desirable inner west is the biggest drawcard, with well-located, quality properties receiving solid enquiry in the current market,” he said.

“This building is situated only four kilometres from the Adelaide CBD and a short 700 metres to the South Road intersection.”

Mr. Totani said the building, which was constructed in 2004, offering a timeless design and quality fit-out.

“The well-designed property can easily be split to create dual tenancies, which would suit either investors or an owner-occupier looking to occupy part of the building and lease the remaining space,” he said.

“With the north to south corridor infrastructure impacting over 130 businesses and owners, the property is primely positioned to suit those tenants or owners looking to relocate in the direct vicinity.”

The Expressions of Interest campaign for the property will close at 4pm on Thursday, August 24.