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!

Wakefield Street sales activity

We had a bit of activity in the building with our company selling apartment 31 for $830,000 and apartment 14 transacting for just under the million dollar mark in the past few weeks.

We think apartment 31 is interesting because we have been following it since the beginning of its fitout (see these stories) and it was the first apartment to sell to a buyer who wants to exclusively use the space for business purposes. The marketing company felt that the apartment matched its creative business perfectly by providing the ideal environment for the staff and principals. We were thrilled as we designed the spaces for residential, home office or studio/office uses from the outset and it's great to see when this versatility is recognised in the market place.

We have just listed another 2 apartments in the building both priced in the $800,000's and both offering stunning work/life environments. The volume of space offered by double height floor to ceiling space is something that needs to be experienced to be fully appreciated. Both apartments can be seen privately. Click here for more details.

Changing of the guard

Congratulations to our new Lord Mayor, Stephen Yarwood - a 39 year old town planner and city resident who appreciates that a city like ours needs people ... lots of people .,. living, working and occupying really great spaces in really great buildings.