Superlot 12, Cnr Light Tce, Cawthorne & Smith Streets, Thebarton, SA 5031

Located just a few kilometres west of the Adelaide CBD, Superlot 12, Cnr Smith Street & Light Terrace, Thebarton is a prime near city development site.

The site offers three street frontages to Light Terrace, Cawthorne Street and Smith Street. This is an extremely well-located opportunity with easy access to Port Road and South Road corridors as well as being nearby to the CBD, the new RAH, and medical and educational precinct along North Terrace.

Strategically positioned in one of Adelaide’s most highly regarded inner western suburban precincts, in the immediate vicinity of Adelaide CBD, Adelaide’s bio medical precinct - the largest health cluster in the Southern Hemisphere, and the 8.4-hectare former West End Brewery site, with 1,000 new homes proposed to be delivered. Exclusive agents Leedwell Property and Knight Frank are excited to offer to the market this substantial future development opportunity: Superlot 12, Cnr Smith Street & Light Terrace, Thebarton.

The property features the following:

- Development ready site of 16,216sqm, with holding income

- Adaptable structure, with 24 Certificates of Title

- Zoned: Urban Corridor (Business) allowing for a series of high to medium density residential, with a maximum build height of 6 levels (STCC)

- Current improvements of office/warehouse totalling approximately 8,207.5sqm

- Multiple tenants producing a gross passing income of approximately $996,500 + GST (with re-development clauses)

The property is for sale via EOI closing Thursday, 7 December 2023 at 4pm.

If you would like more information or to arrange an inspection please contact the exclusive listing agents.

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