One of the largest land parcels in the Adelaide CBD will undergo an exciting transformation in coming months, enhancing the cosmopolitan hub of the city’s East End.
The super site comprises four main addresses – 215 - 231 Grenfell Street, 252 - 260 Pirie Street, 247-259 Pirie Street, and 31-35 Worsnop Avenue. Spanning an impressive 9,477sq m* and previously home to City Holden, the land was purchased in late 2018 by a local Adelaide Family who have exciting plans for the development.
With the change in ownership, demolition of the interior fit-out has already commenced, creating valuable employment as well as bringing an air of excitement and anticipation for what is to come. It is hoped that the new works will re-instill some of the original character and charm to the site, where some of the buildings date back to the turn of the last century.
225 Grenfell Street, the previous showroom of City Holden, is for lease through Zandra McGee and Natasha Bertram of Savills Australia. The property offers an impressive ground floor area, consisting of 1,459sq m*, a mezzanine level in the loft area of 297sq m* as well as offering multiple street frontages, on-site car parking for 33 vehicles and warehouse storage.
According to Ms Bertram, Executive Retail Leasing at Savills Australia, “The future of the site is optimistic given its location, offering potential to suit multiple uses (subject to council approval) and will fill a gap in Adelaide’s East End precinct of larger scale office or retail uses.”
She went on to say, “The site is well positioned within walking distance of shops, bars and cafes filling the East End and Rundle Mall and we’ve already seen interest from a variety of users, including office tenants, a gym, events operator and a medical group.
According to Zandra McGee, Executive, Office Leasing at Savills Australia, the tenancy benefits from excellent natural light due to the floor to ceiling glass windows across the front and Eastern side.
“Tenants are always seeking spaces with character and individuality that can be an extension of the company’s brand, and this will have it all; think exposed wooden trusses, original brickwork elegantly blended against modern amenities and finishes such as floor to ceiling glass and end of trip facilities.
“The development promises to bring employment and an exciting new chapter to this historic part of Adelaide!” she said.
*Approximate