Inner-Adelaide office trades for $16 million

A modern and fully let office in Wayville, in Adelaide’s inner south-west, has sold for $16 million.

The triple-storey complex with 120 car parks at 67 Greenhill Road returns annual rent of approximately $1.106 million.

Multiple tenants, including AMP Advice, which has naming rights, occupy the 3308 square metre building, which offered a weighted-average-lease expiry of about 5.6 years.

The entrance foyer of the three-storey office.

The office sits on a 3344 square metre block with rear access to Greenhill Lane.

Colliers International’s Paul Van-Reesema and Alistair Mackay sold the property following an expressions of interest campaign which closed late last year.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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