Cleverly restored in 2016, the redevelopment was envisioned to provide entire spaces with the flexibility to suit either premium residential living or contemporary commercial offices. With a proven record of residential use and most recently achieving an approximate 5% gross rental yield as a commercial lease, this property offers rare versatility, whether retained as a secure investment or reimagined as a striking New York loft-style apartment (STNCC).
Set high on the 4th floor, the property enjoys a sense of seclusion while still being immersed in Adelaide's thriving West End district, with sweeping north, west and easterly views across the city's skyline. Home to some of the city's best hospitality venues, and within walking distance of Rundle Mall and Adelaide Railway Station, the location is second to none.
Inside, soaring ceilings, vast open spaces and abundant natural light create a true blank canvas. A fully equipped kitchen delivers premium functionality, with integrated NEFF induction cooktop, oven and microwave, a SMEG dishwasher, stainless steel splashback, Siema sink and a fully integrated Liebherr fridge/freezer. A concealed bathroom with shower and European laundry sits discreetly behind the kitchen, while block-out blinds, sheer curtains and quality finishes throughout enhance everyday comfort.
The building offers intercom, lift and stair access, with a vestibule providing added security upon property entry.
With its flexible floorplan and unbeatable location, 4/23-25 Peel Street presents a unique opportunity whether as a high-yielding investment, creative open-plan office or a one-of-a-kind city residence.
FEATURES WE LOVE
• Flexible floorplan with potential to revert to residential use (STNCC)
• Approx. 5% gross rental yield (commercial lease)
• North, west and easterly city views
• Open-plan layout + separate meeting room/bedroom with wall-to-wall BIR
• Secure building, high ceilings, quality fit-out, Tallowwood floors
• Contemporary kitchen with NEFF appliances, SMEG dishwasher, Liebherr fridge/freezer
• Concealed bathroom with linen storage + potential for European laundry
• Sheer + block-out blinds
• Balcony
• Lift & stair access + intercom system
LOCATION
• Prime inner-city location, walk to Rundle Mall, Adelaide Oval & Adelaide Railway Station
• Nearby dining at leading restaurants including favourites including Fugazzi, Leigh Street Wine Room, Peel Street Restaurant & Meat & Wine Co
• Excellent public transport options: bus, tram & train all within short walking distance
• Just 7km to Adelaide Airport
PARKING
• Multiple nearby parking facilities available with flexible subscription options
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