• Long Lease to 9/2027 + Options
• Strong Income with Annual Increases
• In the heart of Entertainment Precinct

Located in the heart of Adelaide’s premier entertainment district. 100m from Morphett Street and 300 metres east of UniSA West Campus. This tightly held precinct is surrounded by well-established South Australian landmarks including Adelaide Oval, Adelaide Railway Station, Adelaide Casino, Adelaide Convention Centre, and the Adelaide Festival Theatre. The property provides excellent exposure with some 10.15m of frontage to Hindley Street and is also accessible from Crippen Place at the rear. The property fully leased by experienced nightclub operators who manage and operate several popular entertainment venues within the precinct. This location trades as Mr Kim’s. On an initial term of 5 years expiring September 2027 plus two further options of 5 years each. Current net rental estimated at $134,120 PA + GST.

The property is fitted out with licensed areas across two floors and basement level of approximately 399sqm inclusive of on-site amenities, bar, individual booths, dance floor, outdoor bar, and beer garden of approximately 55sqm. Site area of approximately 323sqm.
The improvements are of solid construction with updated services well suited to an entertainment venue and would be well received among similar hospitality and licensed venue operators.

For Sale by Expressions of Interest closing 4pm Thursday 15 December.

Further information can be made available upon request. Inspections are strictly by appointment only! Please contact ….