Positioned in the heart of Willaston’s main commercial and retail precinct, 6 Redbanks Road represents an exceptional development opportunity to secure a high profile site of 2,470sqm* with significant frontage of 47.73 metres* to Redbanks Road at the junction of Main North Road and Redbanks Road. Holding income is provided through 4 securely leased residential units that have a long history of continuous occupancy, with the option to continue to lease them upon expiry of the current leases in 2024 or obtain vacant possession upon lease expiry in order to capitalise on the site’s rarity and underlying redevelopment potential and commercial demand.
Sited within one of northern Adelaide’s most rapidly growing regions, the property represents an exceptional opportunity to acquire a highly exposed, gateway site with holding income that will appeal to owner occupiers and developers for wide ranging uses.
Located approximately 40 kilometres north east from the Adelaide CBD in the Town of Gawler, Willaston and its surrounds continue to grow and develop as a service centre for the northern metropolitan region servicing a regional catchment which is currently estimated at 110,000 people.
Offered for sale by Expressions of Interest closing Thursday 30th November at 4.00pm (ACDT).
For further information please don’t hesitate to contact the Colliers Team.
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