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 the opportunity to undertake a mixed-use redevelopment of the site for medium to high-density residential development such as townhouses or apartments, retirement living, aged care and commercial, or indeed a mixture of all uses, with the property’s 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 zoning, extensive frontage to Findon Road, proximity to Adelaide’s CBD, metropolitan beaches and diverse retail and lifestyle offerings. The suburb’s popularity is demonstrated by its median house price of $590,000 (as at 2nd November 2020) and the outstanding success of medium density residential projects currently being developed throughout the area.
The improvements of 12,734 square metres* provide a mix of warehouse accommodation and offer valuable holding income with estimated imputed fully leased income potential of over $620,000 per annum (net).
The site is situated approximately 400 metres from Findon Shopping Centre which offers a huge array of supermarkets, 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 its valuable mixed-use zoning.
If you would like more information or to arrange an inspection please contact one of the listed agents.
Remember to mention you found this property on DevelopmentReady.com.au
$11,900,000 excluding GST
26400 m² (*approx)
Mixed Use Development Opportunity (STCC)
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