Gateway development site - opportunity to corner the Adelaide market
9-14 North Terrace,11-19 Newmarket Street, and portion Rose Street, Adelaide, South Australia, is offered For Sale by Private Treaty under instructions from Andrew McCabe and Joseph Hayes of Wexted Advisors as Agents for Mortgagee in Possession.
PropertyFox, Colliers, and Arrow Advisory Group are proud to act as the joint and exclusive agents for the divestment of the 100% freehold interest in 9-14 North Terrace, 11-19 Newmarket Street and portion Rose Street, Adelaide.
The property represents a generational opportunity to acquire this 3,575sqm* gateway development site. With high barriers to entry limiting new entrants and a scarcity of premium land holdings in the Adelaide CBD, opportunities to acquire sites such as this are few and far between.
The property is prominently positioned on North Terrace, Adelaide’s pre-eminent cultural boulevard. It sits directly opposite the Royal Adelaide Hospital (RAH), Adelaide University education and tertiary facilities, the South Australian Health and Medical Research Institute (SAHMRI), the new Australian Bragg Centre for Proton Therapy and Research, and close to the future Women’s and Children’s Hospital site.
The magnitude, potential and flexibility of this expansive land holding will appeal to the broader market, particularly hotel, residential, retirement, healthcare, education, student accommodation, commercial, carpark and mixed-use developers and occupiers seeking to develop the site (STCA).
Regardless of the ultimate use, the importance of the site and its development potential are unquestionable.
The development potential across the 3,575sqm* site with three street frontages to North Terrace, Newmarket Street and Rose Street, multiple access points for ingress and egress, coupled with its strategically important location results in a once in a lifetime investment opportunity to undertake a major development of national significance.
Note there is Zero Stamp Duty for commercial property acquisitions in South Australia.
The property is offered For Sale by Private Treaty. For further information please contact the joint exclusive agents.
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