A large Adelaide CBD site at 154-160 Angas Street and 20 Gunson Street has become available for sale for the first time in over twenty years. The properties are being marketed by Jamie Guerra and Jed Harey on behalf of two private companies, C.A.G. Pty. Ltd and Lefkas Pty Ltd. C.A.G. is owned by Gerasimos Karidis of Medindie and Lefkas by Dionysios and Melinda Karydis of Underdale.
The properties are on a corner block with a huge combined site area of 1,909 sqm. According to Adelaide Cityscope the improvements consist of a one-storey office building tenanted by Point A Movement Culture, plus a two-storey building with a showroom on the ground floor, offices above and a parking area and carport for about 20 vehicles to the rear. Other tenants include Finesse Models and Patch Theatre Company.
The properties are being advertised as having a net income of $126,448 per annum. They last traded at auction in 1991 at $995,000.