Adelaide, 22 September 2014 – A substantial development site in Devon Park has been listed for sale, unlocking an opportunity to undertake a landmark residential project in Adelaide’s inner northern suburbs.
Located at 33 Exeter Terrace, the 14,247sqm property, which was recently rezoned residential, features existing improvements comprising a 5,478sqm office/warehouse facility, as well as three street frontages.
CBRE’s Ben Heritage and Will Brown are selling the property via an Expressions of Interest campaign closing October 9 at 4.00pm.
Mr Heritage said the property’s development potential would be a key selling factor.
“Located only 5.5km north-west of the CBD and 400 metres from Dudley Park train station, this property is in a prime position to accommodate a residential development,” Mr Heritage said.
“We expect a landholding of this size and prominence will attract widespread interest from a vast range of developers.”
Mr Heritage said the property’s location was also a major drawcard.
“Given you have Prospect and North Adelaide on your doorstep, combined with the recent opening of the newly completed Churchill Shopping Centre, this area is set to experience significant growth in the immediate future,” Mr Heritage said.
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