72-74 Kermode Street, North Adelaide, SA 5006

WILLIAMS LUXURY are delighted to showcase this outstanding commercial acquisition which offers a compelling opportunity for investors seeking a strategic North Adelaide asset. KERMODE HOUSE is a substantial Grand Two Storey Mansion being commercially utilized and offering imposing street presence, valuable rear access, prestige and exceptional versatility, whilst capturing the essence and affluence of historic upper North Adelaide. The opportunities it presents are unprecedented and endless. A sympathetic residential conversion reverting the commercially zoned building back to its imposing grand character-style pedigree, or as a singular, spectacular bay-windowed residence among equally exquisite prestigious residences (subject to all planning consents).

Prestigiously positioned between the manicured green belt of Brougham Place and Palmer Gardens, within sight of iconic St. Peter's Cathedral and mere walking distance to the landmark Adelaide Oval. This enduring portrait of the past flaunts the most sublime silhouette - as one or two private residences, or as is, offering prominent business exposure. Nowhere in North Adelaide is as close to the cosmopolitan lifestyle destinations or as beautifully bespoke as Kermode Street. It's village-like address is dominated by private and exclusive, contemporary and circa 1880 architecture counter-balanced by iconic hotels, parks and lifestyle attractions.

The sympathetically restored façade echoes the affluence instantly associated with Kermode Street and the Upper North Adelaide precinct, a commanding character presence with the rare capacity to merge commercial sensibility with residential luxury (STPC). Comprising grandeur and scale noted as a Landmark Mansion, offering two substantial, newly repainted reception rooms that reveal the calibre of its period architecture, framed by street-facing bay windows and lofty ceilings, each room gently modified into commercial office suites that could just as readily transform into breathtaking formal living, grand entertaining or private bedroom domains. Ahead, two generous central meeting rooms become invaluable living, dining or meeting room options, while the previous stairwell cavity presents the scope to install a lift (STPC), broadening accessibility between floors.

KERMODE HOUSE delivers an extraordinary breadth of versatility and suitability across two levels: front and rear entry points, front and rear staircases, guest lavatories, staff rooms and kitchen facilities on both floors. Upstairs, every city-facing suite opens to a stunning terrace balcony, while the north-facing rear car-park for eight cars benefits from right-of-way access via King William Street. Owned by its present custodians for over fifty years, each functional suite is ideally suited to medical professionals, psychologists, lawyers or architects – the list is endless – with two upstairs businesses already in operation and two downstairs suites available for immediate occupancy. *Vacant possession at settlement by negotiation/discussion.

For the investment or lifestyle buyer, KERMODE HOUSE is truly an exciting opportunity. This is a compelling acquisition for investors seeking a strategic North Adelaide/CBD asset with immediate appeal, potential income and the ability to further add value over time… either diversify with a combination of residential and commercial pursuits, or undertake an internal redesign, unveiling one or two magnificent Terrace Residences (STPC).

A rare and exciting chance to belong to one of Adelaide's most distinctive and historic precincts.

HIGHLIGHTS
C1900 Character Two Storey Mansion
Valuable rear vehicle access via King William Road & car parking for 8 cars
2 top office suites offer stunning balcony over Kermode Street
Lofty ceiling heights and bay windows
Potential to lease and sub-lease multiple flexible office suites
USE: Commercial – RESIDENTIAL (STPC)
Refer to Form 1: - Cathedral Policy Area: PA8 in the North Adelaide Historic (Conservation) Zone
An incredible landmark property in the heart of prestigious North Adelaide

BLUEPRINT
GROUND FLOOR
Formal glazed door entry via Kermode Street
2 extravagant leading rooms featuring bay windows
Ample floor space to install a lift (STPC)
2 expansive central meeting areas (or living rooms)
Multiple consulting rooms, suitable as medical examination rooms
Male and female toilet facilities to the rear
Rear foyer and staircase, with carpark access
Pedestrian side access from Kermode Street entry to the rear carpark
FIRST FLOOR
2 south-facing dual-roomed offices with balcony access overlooking Kermode Street
2 separate storerooms atop the landing
Glazed entry doors to each office space
2 rear-facing offices have shared access to northern stairs
Male and female toilet facilities to the rear

LIFESTYLE
Ducted air conditioning to both levels
Tenant/guest toilet facilities to both levels
Monitored alarm security
Multiple income-producing options - potential for residential and/or commercial use
Surrounded by Adelaide city icons, Brougham Gardens, Palmer Gardens & Montefiore Hill
A rare acquisition where you can live, work or invest in an affluent city-fringe precinct

NORTH ADELAIDE
Bound by Montefiore Hill, Palmer and Brougham Gardens, Kermode Street affords an outstanding location of distinction embracing the absolute best of NORTH ADELAIDE. With a culture of lifestyle & convenience, it turns to the vibrancy of O'Connell Street for a cosmopolitan blend of thriving cafés, wine bars, bistros & restaurants, and to the energy, lights and fanfare of Adelaide's premier sporting precinct, Adelaide Oval, The Cathedral Hotel, Bespoke at the Oval Hotel, and the city skyline – follow any given side street or adjoining King William Road and the power of its position is revealed. Lawyers, architects, surgeons & specialists. there's a long-established professional community attached to Kermode Street; an elite class only a select few ever become a part of.

Type

House

Bedrooms

6

Bathrooms

4

Parkings

8

Area

555 m²

House Size

593 m²