8-18 Santo Parade, PORT ADELAIDE SA 5015
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- Industrial / Warehouse
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- 4 Oct 2016
8-18 Santo Parade, Port Adelaide
JLL is pleased to offer for sale 8-18 Santo Parade, Port Adelaide – a strategically located development site with future mixed-use potential.
Comprising 14,261sqm* of land over two titles, the property enjoys three street frontages including over 120m* to Port River Expressway and 129m* to Perkins Drive. The position provides incredible exposure with in excess of 47,000 passing vehicles daily (DPTI Traffic Volumes Sep-15).
Erected on the western title is a 2,275sqm* office/warehouse providing medium clearance warehouse/workshop space with over 6,000sqm* of reinforced container rated hardstand. The vendor is willing to enter a short term leaseback over the western title at market rental rates. The eastern title (5,453sqm*) comprises vacant land prime for immediate redevelopment.
While the ongoing utility of the industrial improvements has the ability to generate valuable holding income, the Regional Centre zoning provides enormous future potential from a mixed-use perspective, with potential to develop the site into commercial, retail and residential uses up to five levels. The State Government’s plans for the revitalisation of Port Adelaide provide an immediate opportunity for the purchaser of 8-18 Santo Parade to get into the precinct on the ground floor and ride the wave of public and private investment in the location.
FOR SALE BY PRIVATE TREATY
For further information please contact David Ludlow or Jed Harley.
JLL RLA 1842
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
8-18 Santo Parade PORT ADELAIDE