Ray White Commercial Adelaide & Ray White Clare Valley are delighted to have been appointed to offer for sale 243 Main North Road & 28 Old North Road, Clare, South Australia, or otherwise known as ‘ANZ Clare’.
Located 140 kilometres* north of Adelaide in the township of Clare lies a unique character style, two storey building filled with rich South Australian heritage. The site was built in 1877 and was elegantly refurbished in 2019, now offering a modern office space, which continues to uphold the classic and historical elements of the building.
Forming part of the main streetscape in the business precinct of Clare, the heritage-listed double storey property has a site area of 730sqm* and a Net Lettable Area (NLA) of 615sqm*. The property is zoned as a Bank/Office, which continues to be the complying land use within the District Town Centre Zone.
“Strategically and centrally located, ANZ Clare adjoins Ennis Park, Clare Town Hall and has
two street frontages providing significant benefits and a multitude of opportunities.This property is basically maintenance free with substantial updates and an unrivalled location within the main street of Clare” said Ray White Clare Valley Principal Mark O’Meagher.
Not only renowned for it’s iconic agriculture scene, the picturesque town of Clare is surrounded by iconic vineyards and is placed central to the Valley’s food & wine community, featuring over 40 cellar-doors and boutique wineries, along with multiple award winning restaurants and an array of trendy cafes.
The town of Clare was also recognised in 2021 as one of South Australia's Top Tourist Destinations.
Commenting on the location of the opportunity Ray White Commercial Adelaide Agent Tali Willcox said, “Clare is a thriving town experiencing strong growth and tremendous transformation, due to the impact of Covid-19, and where most properties are tightly held by a few investors/owners, demand for this exceptional property will be high.”
The blue-chip investment offered up for sale has been and continues to be leased out by Australia and New Zealand Banking Group Limited ("ANZ"). ANZ have been the longstanding tenant and have occupied the premises since 1877. ANZ recently renewed their lease (19 May, 2021) for an additional three years with five options of three years. The lease rent reviews are on fixed 4% annual increases, whilst the net rental income is $101,296 per annum (exclusive of GST & outgoings).
“This is a key property and a magnificent investment opportunity. Unlike most bank buildings this property has solid, substantial improvements. It has been occupied by ANZ since the building opened and is still securely leased to ANZ.” - Ian Lambert (Ray White Commercial Adelaide)
243 Main North Road & 28 Old North Road is being sold via Expression of Interest closing on 22nd September 2021 at 3.00pm (ACST).
Click Here to view the Property Information Memorandum.
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