The DA approved major mixed use development site in Adelaide’s CBD is for sale by JLL, including a 200 suite hotel complex.
A major mixed use development site in Adelaide’s Central Business District is expected to spark national and international investor appetite.
The 7,418 sqm site has approval for a three stage development including more than 380 residential units, associated retail and commercial space, and a 200 suite hotel complex.
Significant works have already been undertaken on site, including excavation of a multilevel basement and construction of lift shafts.
The property is centrally located between two of Adelaide’s most popular attractions, the south park lands and Adelaide Central Market. These focal points are complemented by the surrounding amenity afforded by Adelaide City Central IGA supermarket, The Market Shed on Holland, Chinatown and Free City tram - all within a 5 minute walk.
“The southern frame of the CBD is one of the city’s most emerging precincts and has seen a major increase in residential population in recent years. As such there has been an influx of small bars, cafes and restaurants opening in the area creating a vibrant place to live” JLL’s Jed Harley said.
Mr Harley, Executive - Sales & Investments, said current zoning encourages the creation of an integrated development which would activate further growth in the precinct.
“Developers have recognised the appeal of the location which is reflected by the increase in development activity in this quadrant of the city.” The property is being offered under instructions from the receivers and managers, BRI Ferrier, and is available as a whole or in separate parcels of 1,816 sq m, 2,806 sq m and 2,796 sq m.
For sale by expressions of interest closing Wednesday 10th May 2017 at 3pm.
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