Adelaide, 21 October 2013- A substantial residential infill development site is available for sale in the popular suburb of Marion, only 10kms south west of Adelaide CBD.
37 Finniss Street, Marion, SA is corner land parcel of approximately 5,718sqm, with two high traffic street frontages. Previously used as a school, the property benefits from favourable zoning allowing medium density residential development.
Ben Younger, Will Brown and Andrew Park from CBRE are marketing the vacant property via an Expressions of Interest campaign closing Thursday 7 November at 4.00pm (CST).
Mr Younger said the property includes substantial improvements of 1,200sqm that could suit various users or be approved to suit (subject to council consent). Additionally the property has no heritage significance and could easily be demolished.
“37 Finniss Street represents a quality residential infill development site in an already established residential area, offering tremendous convenience to essential community services and lifestyle facilities including Westfield’s Marion Shopping Centre, Flinders University, Flinders Medical Centre, multiple transport nodes, new Marion Aquatic Centre, public parks,” said Mr Younger.
Mr Brown commented residential end-purchasers will be attracted to this location for its amenity, convenience and lifestyle appeal.
“This flexible land parcel offers an exceptional opportunity for purchasers to develop the land for medium density residential or retirement style living with the ability to utilise the current improvements (STCC),” said Mr Brown.
“Quality residential infill sites are few and far between, particularly those offering the convenience and amenity that 37 Finniss Street has to offer,” he 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 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 atwww.cbre.com.au.