Adelaide, 16 July 2015 – CBRE has been appointed to sell two adjacent properties in one of Adelaide’s most established inner suburban regions, Norwood.
The two individual titles, located at 130a William Street and 92 George Street, are within walking distance of popular Norwood Parade and only 4kms east of the Adelaide CBD.
The properties, zoned as ‘residential’, are for sale in one line or individually and present a versatile opportunity in today’s market. With a combined land parcel of 1,204sqm, the plot ratio also boasts surplus development potential.
Will Brown, Ben Heritage and Harry Einarson of CBRE are negotiating the sale on behalf of Zaza Investments Pty Ltd. The properties will be sold via an Expressions of Interest campaign closing 4pm, 16th July 2015.
Mr Brown said the flexible investment and development opportunities offered by these sites, combined with the desirable Norwood location, would be key selling factors.
“Norwood has traditionally been one of the most tightly held suburbs in Adelaide so the opportunity to acquire such a significant residential land parcel is quite rare.”
“The Adelaide investment market hasn’t seen an opportunity of this nature in quite some time, which should contribute to a competitive sales process,” Mr Heritage added.
For Australian/international news or global stories, follow us on Twitter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.