An opportunity has emerged for investors and developers as Colliers markets for sale a six-level office building at 44 Pirie Street in Adelaide for the first time in a quarter of a century. 

The property comprises 5,933sqm of adaptable office space on a large, regular-shaped land holding of 1,212sqm in the Adelaide CBD heartland. The building's prime position on Pirie Street, with multiple frontages, offers significant potential for redevelopment or value add occupation.

Alistair Mackie, Colliers National Director of Capital Markets & Investment Services commented, "The property is only partially occupied, which makes it an attractive proposition for owner-occupiers and value-add investors as it provides opportunities for owner occupation or full-scale repositioning from mid-2025. 

"Additionally, the site offers significant adaptive re-use and conversion opportunities (STCA) and could be repurposed for various uses, including residential apartments, or mixed-use developments. These possibilities allow investors and developers to tailor the property to meet market demands and maximise its immediate and long-termpotential,” added Mr Mackie. 

Jordan Schmidt Head of Office Capital Markets & Investment Services South Australia said, “The site also boasts direct linkages and access to public parking and transport, including tram, bus, and train services, ensuring excellent connectivity and convenience for occupants and visitors alike.”

"Boasting a prominent location in Adelaide's premier office precinct adjacent Gawler Place, 44 Pirie Street is in theheart of the Adelaide CBD. The area is currently experiencing a revitalisation, with Pirie Street reestablishing itself as a prime business hub.”

This freehold interest at 44 Pirie Street, Adelaide, is being offered for sale via Expressions of Interest, closing Thursday, 27th March 2025, at 3pm (ACDT).