These properties are positioned in an unrivalled inner metropolitan location with exceptional surrounding amenity and accessibility.
Expressions of interest are sought to purchase and develop three adjacent properties, located in the tightly held suburb of Norwood, offering the astute buyer the opportunity to purchase and develop between 834* and 20,234* square metres of prime land in Adelaide’s east.
The three sites are the 17,890* square metre 'main' site at 76 Magill Road; the 834* square metre 'Sydenham Road' site on the corner of Sydenham Road and Stephen Street; and the 1510* square metre 'Muller Street' site, with frontages to both Stephen and Muller Streets.
Renewal SA is seeking Expressions of Interest from developers with the experience to create a high quality, master planned, residential development with provision for associated mixed use on the main site. The Sydenham Road and Muller Street sites are available with the opportunity for residential development either in conjunction with, or separate from the main site.
Key investment highlights include:
up to 20,234* square metres available in three parcels: 17,890 sqm*, 1,510 sqm*, 834 sqm*
a total of five street frontages with a 177* metre frontage to Magill Road
flexible zoning, permitting mixed-use and residential development, subject to normal statutory consents
strategically located less than 3* kilometres east of the CBD
exceptionally serviced being located less than 600* metres from The Parade.
The site’s prominent location, extensive street frontages, and easy accessibility will appeal to a cross section of local, national and international developers with the vision to capitalise on its key positioning.
Given the strong demand for high quality residential sites in Adelaide’s inner rim, we anticipate that the properties will generate significant enquiry from a broad range of purchasers.
*All measurements are approximate
Expressions of interest
Expressions of interest closed 2.00 pm Tuesday 20 December 2016.
For more information on this opportunity and to submit an expression of interest please visit our Developer Gateway.