UNDER CONTRACT - Major land holding in heart of Salisbury CBD
Offering an exceptional opportunity for redevelopment or repositioning in a well-established precinct this asset presents a large-scale regular site, with three street frontages, level topography, and flexible opportunity to accommodate a range of future uses.
The existing improvements offer opportunity to generate continued holding income for the foreseeable future while providing astute developers the ability to secure approvals and pre commitments for redevelopment. The favourable Urban Activity Centre zoning envisages building heights up to 6 levels across a mixture of uses^.
Positioned 21 kilometres* north of Adelaide CBD the site is in the heart of Salisbury’s well-established central business district, which includes a range of commercial, retail and educational operators, in addition to the major sub-regional shopping centre of Parabanks Shopping Centre.
Salisbury has recently announced more than 200 new homes, a hotel, retail and commercial facilities - part of a $200 million* renewal project planned for the heart of Salisbury. Commencing in 2025 the project will significantly boost the local economy, generate hundreds of new jobs, and attract new businesses to Salisbury.
Key Features Include:
• Significant land holding of 5,410 square metres*
• Three street frontages
• Favourable Urban Activity Centre zoning within City of Salisbury
• Building heights up to 6 levels^
• Suitable for a range of development outcomes^
• Valuable holding income
• All leases have development clauses
• No heritage restrictions
• 1,646 square metres* of existing improvements
• Positioned in the heart of Salisbury central business district
• Ample onsite car parking
*approximately
^STCA
6 Wiltshire Street is offered for sale by Expressions of Interest closing Thursday 5 September 2024 at 3pm (ACST) through the exclusive selling agents, Colliers Adelaide.
For further information, or to arrange an inspection, please contact the exclusive selling agents directly.
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