401-409 King William Street,
Adelaide, SA 5000
Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land
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Map of 401-409 King William Street
Train stations within 5 km of 401-409 King William Street, Adelaide, SA 5000 Distance Victoria Square Station 621 m Adelaide Railway Station Tram Stop 1.5 km Adelaide Parklands Terminal 1.7 km Great Southern 1.8 km The Overland 1.8 km POWERED BY HERE ©Tram stops within 5 km of 401-409 King William Street, Adelaide, SA 5000 Distance City South 161 m Tram South Terrace 216 m Tram Victoria Square 614 m Tram Pirie St 1 km Rundle Mall 1.3 km POWERED BY HERE ©Bus stops within 5 km of 401-409 King William Street, Adelaide, SA 5000 Distance K1 King William St - East Side 103 m Q1 King William St - West Side 157 m City South 158 m U1 Halifax St - South Side 166 m O2 Peacock Rd - West Side 212 m POWERED BY HERE ©
POWERED BY HERE ©
ADELAIDE LANDMARK SITUATED ON VALUABLE CORNER ALLOTMENT WITH 3 STREET FRONTAGES
- Prime Allotment-3 Street frontages
- General & Hotel Licence in place
- Capital City Zone - Developmental upside
The offering represents a rare opportunity to acquire a significant CBD asset, which in recent years has been adapted and upgraded to incorporate 'Citi Zen' fine dining Chinese Restaurant & Brecknock Hotel/Front Bar, with upper level set aside as accommodation rooms, prominently located on the corner of King William & Gilbert Streets, at Southern end of CBD.
The property is fully leased to a single operator, lease details can be obtained from the Selling Agents.
The current business holds a General & Hotel Licence with the premises capacity of 350 persons, and according to the Licence can trade 7 days a week with generous operating hours.
The land, which is rectangular in shape, has a total area of 1,010 sqm approx., with frontage to King William Street of 31.09m, frontage to Gilbert Street of 32.46m and frontage to Holland Street of 32.61m.
The property is located within the Capital City Zone - City of Adelaide, with a maximum building height of 53m, and zoning allows for a wide variety of high intensity and large scale development.
The property will be sold with existing lease to be Assigned in favour of the purchaser at time of Settlement - going concern to apply.
There is nil Stamp Duty payable in SA by purchasers of commercial property.
A truly rare opportunity to acquire a significant asset with versatile improvements suited to continued use as a Restaurant/Hotel, with possible boarding house accommodation at upper levels and the future developmental options are endless.
For further details, Information Memorandum, or inspection, contact the Exclusive Selling Agents, George Zogopoulos, 0412 824 278.
The property is fully leased to a single operator, lease details can be obtained from the Selling Agents.
The current business holds a General & Hotel Licence with the premises capacity of 350 persons, and according to the Licence can trade 7 days a week with generous operating hours.
The land, which is rectangular in shape, has a total area of 1,010 sqm approx., with frontage to King William Street of 31.09m, frontage to Gilbert Street of 32.46m and frontage to Holland Street of 32.61m.
The property is located within the Capital City Zone - City of Adelaide, with a maximum building height of 53m, and zoning allows for a wide variety of high intensity and large scale development.
The property will be sold with existing lease to be Assigned in favour of the purchaser at time of Settlement - going concern to apply.
There is nil Stamp Duty payable in SA by purchasers of commercial property.
A truly rare opportunity to acquire a significant asset with versatile improvements suited to continued use as a Restaurant/Hotel, with possible boarding house accommodation at upper levels and the future developmental options are endless.
For further details, Information Memorandum, or inspection, contact the Exclusive Selling Agents, George Zogopoulos, 0412 824 278.
Property ID: 504159707Last Updated: 8 Apr 2024
08 8410 644...
401-409 King William Street
Adelaide, SA 5000
Negotiators Real Estate - AdelaideLevel 2, 195 Victoria Square
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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