JLL is pleased to present the former Bus Station site at 111-129 Franklin Street, Adelaide for sale by expression of interest (EOI) on behalf of the City of Adelaide.
A significant development site of 6,850sqm* within the heart of the Adelaide CBD and opposite the Central Market, providing a significant city shaping and transformational opportunity. The site has an extended frontage of 86.35m* to Franklin Street plus additional frontages to Bowen Street, Andrew Street and Tennant Court.
Two existing lease agreements including redevelopment clauses, plus an additional informal agreement for the use of portion the site as a car park during the Central Market Arcade redevelopment.
Strategically situated just north of the Central Market, adjoining the Adelaide Central Bus Station and 400m* from Victoria Square and the free city tram, providing an excellent development opportunity for a range of end uses in line with the City of Adelaide’s strategic plan.
We highlight the key property features below:
· 6,850sqm* site with four street frontages
· Location adjacent Chinatown, the Central Market and Victoria Square
· Capital City zoning
· Valuable holding income from existing leases
Potential to join existing and planned developments including the $400m Central Market Arcade redevelopment, $200m Marriot Adelaide GPO Hotel development, the recently announced $1.25b Gurner and Kennards mixed-use precinct, $25m mixed use development of the La Boheme site on Grote Street and the 2019 built 19 level A-grade GPO Exchange office tower.
The property is offered for sale by EOI closing Friday 8 July 2022 at 4pm.
For more information, please contact exclusive selling agent JLL.