Adelaide, 17 February
2014 – The
Minelab Electronics facility in the Adelaide suburb of Torrensville has been
listed for sale.
at 118 Hayward Avenue, the property comprises approximately 6,200sqm over two
holdings and includes two buildings with a total improved area of 3,565sqm.
in 1998 for the current occupier, the buildings feature administration,
warehousing, research, development and light assembly facilities, as well as
partitioned and separate light-filled offices. The property also boasts more
than 85 on-site car parks.
Jon Nitschke and David Reid have been appointed to sell the property by vendor
Codan via Offers to Purchase, with price expectations in excess of $5 million. The
sale comes as Codan’s 1.8ha Newton facility undergoes redevelopment.
Nitschke said the site’s location would be a key selling factor.
property offers strong underlying fundamentals including a prime inner-city
position, which is poised to benefit from a number of major new developments
including the new Royal Adelaide Hospital and the Woolworths/Big W anchored
shopping centre on the former Brickworks Markets site,” Mr Nitschke said.
adjacent to the River Torrens Linear Park, this property is in a unique and
aesthetically pleasing environment offering a level of amenity and corporate
presentation difficult to replicate.”
to a land management agreement with West Torrens Council, the properties
presently have joint car parking arrangements and are therefore, to be sold as
Nitschke said the sales opportunity would attract owner occupiers and astute
Hayward Avenue presents as an ideal corporate headquarters for larger
companies, with flexible settlement terms available due to the transition of
Minelab to their developed home in Newton,” Mr Nitschke remarked.
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