PRIME MIXED-USE DEVELOPMENT SITE
Colliers International is delighted to be entrusted as the sole and exclusive agency for the freehold sale of 344 Findon Road, Kidman Park.
Value add opportunities of this size and in this location rarely come to the market, 344 Findon Road offers buyers with the opportunity to undertake a mixed use redevelopment of the site including medium to high density residential development such as town houses or apartments, retirement living, aged care and commercial, or indeed a mixture of all of these with such a large site, with appropriate zoning supportive of intensive development.
Located in Adelaide’s highly desirable inner west, approximately 6.5 kilometres west of the Adelaide CBD, the site benefits from its versatile mixed use zone, extensive frontage to Findon Road, proximity to Adelaide’s CBD, metropolitan beaches, diverse retail and lifestyle offerings and valuable significant holding income of $559,636 (gross) per annum. The suburb’s popularity is demonstrated by its median house price of $580,000 (as at 23rd March 2020) and the outstanding success of medium density residential projects currently being developed throughout the area.
The site is situated approximately 400 metres from Findon Shopping Centre which offers a huge array of supermarket, speciality retail, medical, café/restaurant, banking, professional and community services, with the iconic River Torrens Linear Park located only 700 metres to the south. Public transport is readily available in close proximity on both Grange Road and Findon Road.
The site comprises a regular shaped allotment of some 26,400 square metres* with an approximate 100 metre* frontage to Findon Road on the site’s eastern boundary. The property’s site area and configuration combine to enable a myriad of future development scenarios, supported by mixed-use zoning.
The improvements of 12,734 square metres* provide a mix of warehouse accommodation, originally constructed by Braemar Air Conditioning, and is currently occupied by Hunter Express, the West Movement and Axicom with holding income of $559,636 (gross) per annum.
The size and locality of the property offers buyers the opportunity to undertake a full redevelopment of the site for medium to high density townhouse and/or apartment development, retirement, aged care and mixed use, with the zoning supportive of intensive development.
If you would like more information or to arrange an inspection please contact one of the listing agents for this exclusive opportunity
Remember to mention you found this property on DevelopmentReady.com.au