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Drakes Semaphore, 16-24 Semaphore Road, Semaphore, SA 5019

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Drakes Semaphore, 16-24 Semaphore Road, Semaphore, SA 5019

Drakes Semaphore, 16-24 Semaphore Road, Semaphore, SA 5019

Properties / Buy / South Australia / Semaphore
Development Potential
Property Type
Commercial
Sub Type
Retail/Shopping Centre
Land Area
3,970 m² (*approx)
Zoning
Suburban Activity Centre (SAC)
LGA
City of Port Adelaide Enfield
Selling Method
EOI: Contact Agents
DOCUMENTS AVAILABLE
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Strong Performing Drakes Shopping Centre on Large Coastal Site
  • 100% leased Drakes anchored centre
  • 3,970sqm* with dual street frontages
  • Suburban Activity Centre (SAC) zoning

JLL is pleased to exclusively present to market Semaphore Centre, 16-26 Semaphore Road, Semaphore SA — a rare, fully leased neighbourhood shopping centre anchored by Drakes Supermarkets offering a compelling dual value proposition: secure income from a strong national tenant covenant combined with exceptional land banking and future development potential in Adelaide's growing coastal precinct.

Anchored by Drakes Supermarkets, Australia's largest independent supermarket chain, with a lease to August 2030 and no further option periods, plus four specialty tenants including family favourite Yo-Chi Frozen Yogurt. The property generates an attractive net income of $768,327* per annum with a WALE of 3.97* years by income.

Situated on Semaphore Road, one of Adelaide's premier coastal high streets, just one street back from the Esplanade and Semaphore Beach.

The significant 3,970* sqm site benefits from dual street frontages to Semaphore Road (63m) and Newman Street (58m), with 45 at-grade car parks. The site holds Suburban Activity Centre (SAC) zoning, with substantial mixed-use redevelopment potential.

A strategically located centre in an underserviced catchment, the assets value is underpinned long term by significant recent residential property growth driven by lifestyle appeal and connectivity to the $134.4 billion AUKUS Defence program at nearby Osborne and the Adelaide CBD.

Remember to mention you found this property on DevelopmentReady

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Development Potential

16-24 Semaphore Road Development Site Summary

Property Type
Commercial
Sub-type
Retail/Shopping Centre
Land Area
3,970 m² (*approx)
Suburban Activity Centre (SAC)
City of Port Adelaide Enfield
Selling method
EOI: Contact Agents
DOCUMENTS AVAILABLE
Gain Access

Development Site Highlights

Strong Performing Drakes Shopping Centre on Large Coastal Site
  • 100% leased Drakes anchored centre
  • 3,970sqm* with dual street frontages
  • Suburban Activity Centre (SAC) zoning

JLL is pleased to exclusively present to market Semaphore Centre, 16-26 Semaphore Road, Semaphore SA — a rare, fully leased neighbourhood shopping centre anchored by Drakes Supermarkets offering a compelling dual value proposition: secure income from a strong national tenant covenant combined with exceptional land banking and future development potential in Adelaide's growing coastal precinct.

Anchored by Drakes Supermarkets, Australia's largest independent supermarket chain, with a lease to August 2030 and no further option periods, plus four specialty tenants including family favourite Yo-Chi Frozen Yogurt. The property generates an attractive net income of $768,327* per annum with a WALE of 3.97* years by income.

Situated on Semaphore Road, one of Adelaide's premier coastal high streets, just one street back from the Esplanade and Semaphore Beach.

The significant 3,970* sqm site benefits from dual street frontages to Semaphore Road (63m) and Newman Street (58m), with 45 at-grade car parks. The site holds Suburban Activity Centre (SAC) zoning, with substantial mixed-use redevelopment potential.

A strategically located centre in an underserviced catchment, the assets value is underpinned long term by significant recent residential property growth driven by lifestyle appeal and connectivity to the $134.4 billion AUKUS Defence program at nearby Osborne and the Adelaide CBD.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

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Drakes Semaphore, 16-24 Semaphore Road, Semaphore, SA 5019

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