A generational property neighbouring Adelaide Airport is being offered to the market for the first time in over 50-years.
Located 8km south-west of the Adelaide CBD in North Plympton, the freehold development site is zoned Industry and tipped to receive significant buyer interest.
The 15,610sqm land holding at 136-154 Mooringe Avenue benefits from three street frontages, a low site coverage ratio of 28% and a functional built form, with a gross lettable area of 4,429sqm.
CBRE’s Jordan Kies and David Reid have been appointed to market the property for sale via an Expressions of Interest campaign, closing 12 March at 4pm (ACST).
Mr Kies commented that the listing represented an opportunity to acquire a development site of scale – one that is seldom seen in Adelaide.
“Freehold development sites of this size in the western suburbs are sparse, particularly sites that are neighbouring the airport,” Mr Kies said.
“There is a growing need for occupiers to be near the airport, with obvious logistical benefits including a central location, ability to capitalise on air freight, ease of access to major transport corridors and the close proximity to the Adelaide CBD.”
Mr Kies added that the property would also provide a valuable annual holding income, giving an astute buyer the opportunity to masterplan the site.
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CBRE Group, Inc. (NYSE:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.