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Adelaide Premium Offices For Sale of For Lease
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25 Grenfell Street: Adelaide
The property is located in the very heart of the Adelaide CBD with an extensive frontage to Grenfell Street, near the intersection with King William Street and a short walk to Adelaide's premier retail precinct, Rundle Mall. The building boasts large floor plates and a central core offering flexible office areas from small suites to whole floors in excess of 1,000 sqm. The office space is further enhanced with light and views available on all sides of the building.
Originally constructed in 1975, the property has been subject to on-going upgrade and refurbishment with the most significant improvements added in 2007. Over $16,000,000 has been spent upgrading the building foyer, lift services and the construction of new retail components to the street frontage. This achieved a significant uplift in the presentation and services offered by the building which will be enhanced in the future through further upgrades to tenancy areas and mechanical services. Part of this planned upgrade work is aimed at improving the building's NABERS rating and will form the basis of an application to the Australian Government's Green Building Fund.
The quality of the building is further evidenced by the tenant profile which includes the Reserve Bank of Australia, Oracle Corporation, Bang and Olufsen, Minter Ellison, Hugo Boss and several state and federal government departments.
Substantial improvements are also planned for the plaza level retail and adjoining land to create a vibrant new food and beverage hub for the Adelaide CBD. Discussions are presently underway with Adelaide City Council that will enable the retail tenants to leverage off the adjacent plaza for outdoor seating and revitalise this area of the city for occupants of the building.
Marketing Information
Details coming soon
Available Space
Following refurbishment of the plaza level retail and adjoining land, which is anticipated by late 2010, several prime retail areas suitable for restaurant, cafe (including ancillary foyer outlet) and takeaway will be available to lease. Areas to range from 100 sqm to 400 sqm GLA internal with up to 200 sqm of covered outdoor space for alfresco dining. Adjacent service retail areas are also available.
Initial expressions of interest may be lodged with GDI and further information is available on request.
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