Peel off a floor in Peel Street!

This exciting new project at Peel Chambers offers opportunities for individuals, families and businesses to create and live their inner city dreams.

Buyers can have the whole floor of this unique building on its own Title to create an their completely individualised apartment, studio, office or home/office.

The ground floor is currently designated commercial and covers 124 m2 with a basement space of some 67m2, while the 5 upper floors are 152m2 to 164m2

Priced from $600,000 to $700,000 each single floor shell provides:

• Upgraded building services including a new lift, soundproofing, plumbing, fire protection and communication services
• Repainted and restored building facade and windows, including replacing all west facing windows
• Strata titling of complete floors to enable buyers to pursue their vision for either residential or commercial purposes
• A covenant that allows the owners to "do their own thing" while safeguarding the other members of the community title scheme

Peel Street and Leigh Street is where it's all happening in the City with this precinct benefitting from the Council's new lane way strategy, the redevelopment of the Adelaide Oval and the new Royal Adelaide Hospital on North Terrace.

Timber raises its building sites

TIMBER apartments will sprout out of the tops of carparks across the city if Peter Buchan has his way.

The developer wants to build the multi-level towers using an innovative building material known as cross-laminated timber (CLT).

And he says carparks offer a cost-effective platform for the lightweight, high-rise structures.

"What we're trying to do is create a product that has never been done before," he says.

"If we can build affordable, high-yield residential property built over air space, we are going to repopulate the city a lot quicker."

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41 Currie Street

After over 3 months of negotiations it looks like we have finally secured this office building and adjoining carpark for one of our clients based overseas.

We are really excited about managing this asset and adding substantial value with some strategic redevelopment in this fabulous location. Watch this space as we transform this property in a number of ways.

Florence Street Norwood

Florence Street Norwood is a new street in one of Adelaide's oldest suburbs. In the 90's the street and its surrounding land was purchased by the Norwood Football Club which intended to extend the Norwood Oval facilities in response to the AFL becoming an 'officially national' competition. When the need for the additional space did not eventuate, the football club sold it to various developers who rejuvenated it into the private residential enclave of modern townhouses that it is today.

Number 5 Florence Street is a modern contemporary townhome just metres away from the bustling atmosphere of Norwood Parade. But location is only part of the attraction - this architectural home is extremely liveable, with fabulous open plan living plus a north facing courtyard downstairs and 3 lovely bedrooms upstairs. Great bathrooms, stylish finishes and a roomy garage for 2 cars make this a must see home.

Click here to see sale details

Maxwell on the Park

If you're looking for an exclusive city apartment with a beautiful parklands outlook, this could be it. There are just 2 apartments per floor in this boutique building and you are moments from a cappuccino with Rundle Street east literally around the corner.

This is the signature Russell Prescott designed building in the famed Garden East project. We know the project well with Peter Buchan taking it to Hong Kong many years ago as one of the first South Australian projects marketed off shore in Asia.

The apartment represents true city living with no compromises because the available space is well over 250 square metres including 2 balconies. Facing east over East Terrace and the parklands allows appreciation of the changing seasons, Adelaide events and our vibrant cafe lifestyle.

Click here to view sale details

2011 - what's in store

7 interest rate increases in little over a year played a large part in ensuring that the local property market softened considerably towards the end of 2010. Add this to the significant downturn in international student demand due to the Australian Government's changes to visas, financial burdens placed upon students, and a strong aussie dollar, and the result is that the prices for apartments have slipped somewhat.

However, we are optimistic that the current malaise could be reversed very quickly. Resources, defence and education are still the 3 big games in town and we have heard that big things will happen in 2011 which will translate into a turnaround in demand for city apartments...

More mixed use buildings

Following on from our earlier features on mixed used buildings, last month saw 2 transactions in other mixed use buildings. We sold a top floor 2 bedroom Mantra apartment for $500,000. This 80 square metre apartment had a wrap around balcony and overlooked Hindmarsh Square with the Adelaide Hills in the background.

We were also instrumental in acquiring a 3 bedroom apartment in the building known as 22 The Square, which is part of the Garden East project sitting between the Rundle Street East Cafe Precinct and Grenfell Street. Our client paid $825,000 for this large apartment with 2 carparks and we facilitated foreign investment approval for the transaction.

We love doing these kind of deals in the city and equally love sitting down with our clients having cappuccinos in the ground floor cafes situated in these buildings while we are doing the deals!