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  • Black Forest site offers plethora of development options

Black Forest site offers plethora of development options

Adelaide | 20 September 2016
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A strategically positioned Black Forest commercial development site has recently hit the market, offering a variety of end-use options to the market.

Located at 711 South Road, the 792sqm corner site is being sold with flexible mixed use zoning and vacant possession, which should accommodate a mixture of commercial land uses including medium-scale offices and consulting rooms and retail showrooms.

The site further benefits from fantastic exposure to South Road, with approximately 50,000 vehicles passing in each direction daily, direct access via Byron Road and a total frontage of 67metres to both Byron and South Roads.

CBRE’s Mitch Curnow and Harry Einarson are negotiating the sale via an Expressions of Interest campaign closing Thursday, September 29 at 4pm. Offers are expected circa $850/sqm - $950/sqm.

Mr Curnow said the site’s flexible end-use development options should encourage interest from a range of commercial owner occupiers and developers.

“The positioning in Adelaide’s inner south should be another key selling factor, as buyers more actively target strategic sites in this burgeoning region.”
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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 (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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