FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (SA)
159 & 161 ANGLE VALE ROAD ANGLE VALE – SA 5117
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Development Potential Child/Healthcare, Commercial
This appealing development site spans 3,864 sqm* of land, offering diverse project possibilities (STC). The property’s current residence is leased until July 2024, providing a steady holding income of $430/week during the planning phase. Zoned as a Master Planned Township, permissible developments encompass a range of options, such as Childcare Facilities, Community Facilities, Consulting Rooms, Dwellings, Offices, Retail Shops, and Ancillary Accommodation (STC). With a landholding of 3,828 sqm* spread across 2 titles, along with the included residence generating income until January 2025, this site presents an ideal canvas for various development prospects, in line with zoning regulations and potential approvals.
200 GROTE STREET ADELAIDE – SA 5000
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Development Potential Commercial
Presenting a 3-year leaseback, this property offers developers and occupiers a clear trajectory. It features a sizable 1,130sqm* showroom with a 184sqm* warehouse for storage, totaling 1,365sqm* of lettable space on a 1,519sqm* CBD site. Located on a bustling CBD road with Capital City zoning and a 53m height limit, it promises diverse development prospects. Key assets include the prime CBD location, functional showroom/warehouse space, 3-street frontage, proximity to F&B options and Chinatown, and a short-term income of $275,000. This property is a strategic investment opportunity with significant potential for future growth and development.
110 – April / May 2024
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