A large 20.6 ha* landholding situated on the corner of Main North Road and Kings Road, in Salisbury South is for sale via an international expressions of interest campaign being conducted by Stonebridge Property Group’s Philip Gartland and Julian White, and Colliers Jordan Schmidt, Justin Hazell and Paul Van Reesema.
Located only 16.5 kilometres* north of the Adelaide CBD, this significant and highly profile corner landholding has a total frontage of close to 1.1 km, with exposure to approximately 75,500 vehicles per day.
The location is a highly established mixed use precinct, with trade area and gap analysis data suggesting the site to be highly suited to major retail, logistics and supporting uses. There was previously a planning approval in place for delivery of a major shopping centre to a portion of the site. The site’s immediate adjacency to Adelaide’s largest Bunnings Warehouse and Parafield Airport, will ensure its suitability to accommodate wide ranging uses.
Stonebridge National Partner, Philip Gartland said, “the site acts as a gateway bridging the Adelaide CBD to the growing northern suburbs. Its flexible zoning which supports wide ranging development outcomes and sheer size provide a once in a generation opportunity to create a truly integrated mixed use development that capitalises on the site’s incredible attributes. Retail development opportunities in established metropolitan areas are very rare on a national scale”.
Colliers Head of Investment Services, South Australia, Jordan Schmidt said; “we are witnessing an ever-increasing demand from property developers and investors that have got their sights on Adelaide, driven by its strong economy and attractive ‘zero stamp duty’ initiatives. Demand for development sites is being driven by developer confidence on sites that tick all the boxes”.
The Salisbury South Gateway Development Site is being offered for sale as a single site or with the potential to buy as 2 individual “super lots” (subject to approvals) via international expressions of interest closing 4.00pm (ACST) on Wednesday 30th November 2022.