Colliers is pleased to present the opportunity to purchase 52 The Parade, Norwood.
The 1,996 square metre* land holding is positioned prominently on the inbound (southern) side of The Parade with a 45.7 metre* frontage. The existing improvements comprise two single level buildings with rear low clearance warehousing of 280 square metres*, offering existing holding income.
The opportunity to acquire land in the tightly held Norwood precinct, is extremely rare and will offer the new owner the opportunity to join a select few to own part of this valuable precinct with genuine development potential.
The property is zoned Suburban Business under the new Planning and Development Code within the City of Norwood Payneham and St Peters is supportive of a range of commercial, residential and industry uses.
The significant land size coupled with the premium location creates an extremely unique and rare high street development opportunity.
Key attributes:
Large 1,996 square metre site
Attractive and desirable location in the inner east, just 3km from Adelaide CBD
Exposure to one of Adelaide's premier high streets, The Parade, Norwood.
Significant development potential
Holding income
45.7 metre frontage
*approx.
For sale by Expressions of Interest closing Thursday 24th June 2021 at 3.00pm
