63 Pirie Street

Adelaide SA 5000

The asset offers an enviable cash flow and a 3.5 year WALE underpinned by coveted leases to national and global tenants including, Telstra Business Centre, Lockheed Martin and Macquarie Group together private sector tenants including Cowell Clarke Commercial Lawyers and Bentleys Accountants.

In addition to its very attractive existing investment metrics, 63 Pirie Street also offers significant income and WALE expansion upside through leasing the remaining 33% vacancy, with minimal CAPEX given the comprehensive and recent upgrades.

Key features:

- 11,211sqm NLA with large 1,070sqm floorplates
- Passing net income of $2.52million (fully leased net income $4.33m)
- 3.5 year WALE with significant extension upside
- 4.0-Star NABERS Energy Rating with a clear path to 4.5+stars when fully leased
- All major CAPEX completed including faade, lifts, a/c and amenities
- 34 basement carparks with EOT facilities
- Key corner 1,823 sqm site with major frontages to Pirie Street and Gawler Place

63 Pirie Street, Adelaide is proudly presented by Colliers and Cushman & Wakefield. A 100% interest in the asset is being offered For Sale by Private Treaty.

For more information or to arrange an inspection please contact the agents.

RLA: 315726