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Strategic development opportunity in Adelaide’s highly sought after inner northern eastern suburbs offering exceptional accessibility to retail, healthcare, lifestyle, education and community based infrastructure.
Colliers is pleased to present the opportunity to purchase 43 Avenue Road, Paradise
This superbly located property occupies an outstanding dual access infill development site with primary frontage to Avenue Road in Adelaide’s highly desirable inner north eastern suburbs.
Occupying a vacant allotment of approximately 13,420 square metres, the property is situated 10 kilometres north east of the Adelaide CBD and benefits from primary frontage to Avenue Road, plus additional access via Michele Road on the property’s eastern boundary.
Residential accommodation (i.e. detached and semi-detached dwellings) is the predominant land use that surrounds the property, with Dernancourt Shopping Centre located 1 kilometre to the north and Newton Shopping Centre located less than 700 metres to the south east and with a broad range of community and recreational facilities within easy reach.
Supported by favourable planning policy, the size and location of the property offers potential buyers the opportunity to undertake a comprehensive redevelopment of the site.
The property will appeal to the broader development and owner occupier markets, in particular residential developers, retirement and aged care providers and specialist disability accommodation providers/investors.
A recently secured Development Approval for the development of retirement village may prove attractive to interested parties.
To arrange an inspection or for more information, please contact Colliers as the exclusive selling agent.
For Sale by Expressions of Interest closing 4.00pm (AEST) Thursday 29 April, 2021.
* Approx.
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