JLL and Mathesons are delighted to offer 21-25 South Esplanade, Glenelg for sale by Expression of Interest. This is an incredible beachfront development opportunity located on Adelaides most popular beach.
21-25 South Esplanade comprises a large parcel of land of 3,485sqm* held on six Certificates of Title, and boasts an incredible frontage of over 80 metres directly to the beach reserve of South Esplanade. Further frontages to Pier Street, Oldham Street and a public lane on the northern boundary provide access from all sides.
The site has enormous development potential and would suit a number of mixed-use outcomes including apartments, hotel, serviced apartments, and accompanying commercial/retail uses (subject to statutory approvals).
Beachfront land holdings of this scale along Adelaides metropolitan beaches are extremely hard to come by, and we consider this site to be one of the best available. It is certainly the best development site to be offered to the market this year.
Key Features:
400m south of Glenelg Jetty
Site Area: 3,485sqm*
100% Freehold Interest
Beach frontage 80m*
Potential residential & mixed use development (stnc)
7 buildings currently providing boutique accommodation
Potential holding income
For Sale by Expression of Interest closing 4pm (ACDT) Thursday 14 November 2019.
For further information, please contact the exclusive selling agents.
JLL RLA 1842
Mathesons RLA 122345
*Approximate
