ApartmentsChris ThomsonTue 20 Oct 26
Site in Adelaide’s West Held for Five Decades Comes to Market
Three inner-Adelaide development sites have been listed for sale north, south and west of the city’s CBD.
At 266 Melbourne Street in North Adelaide, a 780sq m property that real estate firm Colliers expects to sell in the upper $2-million range is being offered.
Listing agent Jordan Schmidt said Melbourne Street was one of the most established high streets in the leafy inner suburb.
“The property offers the flexibility to pursue a range of future outcomes and we expect that will appeal to a broad mix of developers, owner-occupiers and value-add investors,” he said.
The site has a 274sq m character building with 14 rooms and 10 car spaces that is offered with vacant possession. Potential uses include an apartment, co-living, consulting, office, shops and community facility buildings.
The site is about 1.5km from the CBD and 500m from O’Connell Street restaurant, pub and cafe strip.
Expressions of interest in the property are due to close on November 11.
Inner-west site on block for first time in 50 years
Meanwhile, in Adelaide’s inner-west, a 1.4ha freehold lot opposite the billion-dollar Southwark Grounds redevelopment is also being offered by Colliers.
The property at 1 Port Road, Hindmarsh [pictured at top] is on the corner of Port Road and Park Terrace. About 2.5km from the CBD, the site is also beside the Bowden urban renewal precinct.
The property has 42 contiguous titles with 168m of frontage to Port Road, 72m to Park Terrace and 86m to Gibson Street, and multiple access points.
Schmidt said the site had been held for more than 50 years.
“With 1.4ha, three street frontages and direct access to major transport connections, the scale gives a future owner the ability to think well beyond the existing improvements and shape a new use for one of Adelaide’s most visible inner-west sites,” he said.
Expressions of interest in the property are due to close on November 19.
State significant infill plot for sale in inner-south
And in the SA capital’s inner-south, a 4.15ha site of state significance has come to market.
Designated as a state-significant infill site under the Greater Adelaide Regional Plan, the property is at 944-958 South Road at Edwardstown.
The site is 6.5km south-west of the CBD, with a 130m frontage to South Road and zoning that permits residential, retail, commercial, hotel and light industrial uses.
JLL listing agent Ben Parkinson said the state had established a clear precedent for a substantial zoning uplift across comparable strategic sites.
The site is near the under-construction $15.4-billion Torrens to Darlington motorway, which is SA’s largest ever infrastructure project.
The site is opposite Castle Plaza Shopping Centre and close to Edwardstown Train Station.
Expressions of interest in the site are due to close on November 5.
