As the Adelaide CBD continues with its dynamic and transparent building projects in 2018, another outstanding opportunity to secure a residential and mixed-use space has hit the market.

Savills Australia’s Steve Bobridge, Peter Isaksson and Rino Carpinelli have been appointed to market a development site located at 399 King William Road, Adelaide and said they expected interest from a variety of buying groups.

“Expected buying groups will include residential developers and commercial owner occupiers who could adapt the plans to suit their business with residential apartments above,” Mr Bobridge said.

The 496sq m “L” shaped sited includes a 9.14 metre frontage to King William Street and 36.81 metre frontage to Gilbert Street along with rear access to Tapleys Lane.

“The vacant site has prepared plans for a 21 level mixed use development comprising residential, commercial and high quality residential penthouse suites with the benefit of basement car parking available and accessed from Taylor Lane at the rear,” Mr Bobridge said.

The ground floor and mezzanine levels will accommodate two retail tenancies fronting Gilbert Street and King William Street as well as a lobby area that will be accessed from Gilbert Street.

Level one to four are designed for three office tenancies, level five and six provide five two-storey town house apartments, level seven to 15 will provide for single level apartments comprising of one and two bedroom apartments whilst level 16 to18 provide two penthouses of three and four bedrooms.

Level 19 provides a penthouse together with a common roof garden and communal space and level 20-21 will become a prestige two-storey penthouse with terrace and swimming pool.

Located in a high-profile position, the property is in close proximity to the Central Markets, the tram along King William Street and newer residential developments along King William and surrounds.

“The property enjoys a commanding corner position in an area that has transformed over recent times, with a mixture of office, residential and commercial activities in close proximity,” Mr Isaksson said.

Expressions of interest close 4pm Thursday 23 August 2018.

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