Taking control of the mid-south, CBRE are pleased to present another premium development opportunity just 20 minutes south of the Adelaide CBD. 1483-1485 Main South Road, Darlington offers a developer almost 5,000sqm* of versatile land just beyond the main intersection of the Southern Expressway, South Road Extension, and many other key and busy thoroughfares that are linked to the mid-south.
On the flip side, the property has been occupied by Gardenia Home Garden Décor since 2014 with their current lease term due to expire on the 30th of September 2024. This gives a passive ‘land banking’ investor a great opportunity to hold the site with a more long term, passive view.
One of the most attractive features of this land is the access it provides to greater Adelaide as you are 20 minutes or less from these locations:
- Adelaide CBD
- Adelaide Hills
- Glenelg
- Seaford
The key property highlights include:
- Versatile 4,980sqm* site
- Convenient Mid-Southern suburb location
- Flexible current tenure expiring 30/9/24
- Passing Net Income of $68,645p.a.*
- Suburban Business Zoning
Please contact the sole marketing agents with any other questions:
Ned Looker: +61 448 689 573
Harry Einarson: +61 421 747 442
The property is presented for Sale via Expressions of interest closing on the 24th of February at 4:00pm
Remember to mention you found this property on DevelopmentReady
