An exceptional opportunity to secure a substantial inner west Adelaide investment combining strategic location, strong income and long-term development potential has hit the market.

McGees Property’s James Juers and Michael Dimasi are marketing 309-313 South Road & 20-22 William Street, Mile End South on behalf of a private family who has owned the property for a number of years.

The property is offered as two holdings or in one line – as either 309-313 South Road, comprising a site area of 1,394sqm on one title with warehouse improvements and car park, and/or 20-22 William Street, comprising office, warehouse and showroom improvements and car parking on 1,394sqm of site area, on two titles.

In total, there is a 1,540sqm office, warehouse and showroom facility on 2,787sqm of land spread across three titles zoned Employment, with dual street frontages of 30 metres to South Road and William Street.

The property is offered with a 5+5-year lease from December 2023 to Uniken Flowers, returning a total of $193,041 per annum plus outgoings and GST.

“This is a prime offering in a premium inner-west location allowing for investors and land bankers to secure a strong income stream, and offering excellent future development potential,” Juers said.

“We’re expecting interest from investors looking to purchase an asset in a land-rich and tightly-held area with income and uplift opportunities. Future developers will be attracted to the tightly-held nature of the inner-city location in close proximity to major transport routes, and just two kilometres from the CBD and 2.5 kilometres from Adelaide Airport.”

Dimasi said, “This opportunity offers flexibility and scale in one of Adelaide’s most tightly-held commercial-industrial precincts.”

“The property offers prized dual frontage and exposure to both South Road and William Street, and won’t be impacted by the North-South Corridor upgrades.”

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Michael Dimasi on mdimasi@adl.mcgees.com.au or 0405 360 253

View listing: 309-313 South Road, Mile End South | McGees Property Adelaide

A strategically located north-eastern Adelaide asset in a tightly-held, high exposure retail and medical precinct is going to auction next month.

McGees Property’s Michael Dimasi and Yee Ng are marketing 503A-503D Lower North East Road, Felixstow on behalf of a private family that has owned the property for a number of years.

The property comprises four well-configured tenancies across 345sqm, on a prime 1,022sqm Torrens-Titled corner allotment with dual street frontages to Lower North East Road and Wicks Avenue, offering excellent signage opportunities and exposure to more than 41,500 vehicles passing each day.

The tenancies, including Vesuvio Pizzeria, a medical surgery, barber, and a beauty salon, offering a diversified income stream of $91,179 per annum, and with a weighted average lease expiry of 2.35 years also offer the potential for rental growth and repositioning over time.

“This is a rare high-exposure offering in a tightly-held precinct just six kilometresfrom the CBD, presenting an attractive blend of secure income, prime positioning,and long-term repositioning potential,” Ng said.

“Investors are expected to show strong interest in the property given the rarity of the offering, affordable price point, set-and-forget nature and opportunity to reposition and uplift rents in the future.

He said Felixstow has seen limited commercial turnover in recent years, underscoring the rarity and value of this investment.

“We’re also expecting landbankers looking to secure a strong holding income and assess their plans for a high-exposure site in a growing corridor,” Ng said.

Dimasi said the property is close to established retail, education and health care amenities, including Marden Shopping Centre, Firle Shopping Centre, Campbelltown Village and North Eastern Community Hospital.

He added that the property is also highly accessible, with 17 on-site car parks andpositioning on one of the key arterial routes connecting the CBD to Adelaide’s north-eastern suburbs, and is close to the O-Bahn interchange and key bus routes.

For more information on this transaction, contact:

Michael Dimasi on mdimasi@adl.mcgees.com.au or 0405 360 253

Yee Ng on yng@adl.mcgees.com.au or 0402 715 883

View listing: 503A-503D Lower North East Road, Felixstow | McGees Property Adelaide

Best-in-class amenities are on offer for the buyer of an Adelaide CBD office suite located within the city’s destination strata office tower.

McGees Property’s James Juers and Charlie Caruso are marketing Suite 808, 147 Pirie Street, Adelaide via Best Offers Over $310,000 before Thursday, 15 May.

The high-quality 52sqm office comprises four sit and stand desks and boardroom, ideal for a range of business types and sizes, and is in a high-profile location.

It is located in the 2009-built Aurora on Pirie, a 15-storey commercial office tower comprising over 190 office suites ranging from single user offices to large multi-partitioned spaces.

High-end amenities within the building including a pool, gym, spa and sauna, concierge, and rooftop entertainment and function space.

“Aurora on Pirie prioritises user experience and enjoyment of occupiers and tenants, which had made it the destination strata office tower in the Adelaide CBD,” Juers said.

The property is offered with vacant possession.

“We’re expecting interest to come from owner-occupiers ready to move in and looking to take advantage of the high-end fit-out for their own business, and to experience a quality workplace with best-in-class amenities,” Juers added.

Caruso said the property is also ideal for investors pursuing rental upside.

“The well-publicised flight to quality of recent years has seen businesses favour workplaces with high levels of amenity for their employees,” Juers said.

“Investors seeking rental upside and keen to capitalise on an offering existing fit-out will be very well-placed with this asset.”

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Charlie Caruso on ccaruso@adl.mcgees.com.au or 0402 632 140

View listing: 808/147 Pirie Street, Adelaide | McGees Property Adelaide

A beautiful two-storey Pulteney Street character retail and office building is on the market for the first time in more than three decades, offering an excellent Adelaide CBD opportunity for investors and partial owner-occupiers.

The multi-tenanted property at 442 Pulteney Street, Adelaide is being offered through McGees Property’s Yee Ng and Simon Lambert via Expressions of Interest closing Thursday, 15 May at 4pm.

The private owner, who is looking to retire, has owned the property since 1993.

Expectations are in the upper $1 millions range.

The property has a building area of 356sqm and currently has two long-standing tenants – one in place for more than 20 years and one in place for over 10 years – with another tenancy of 115sqm currently vacant.

The imputed fully-leased income is $95,806 per annum.

“This presents an ideal opportunity for investors and partial owner-occupiers,” Ng said.

“There is significant rental upside potential for investors and the property is in a sought-after address that is in high demand from a range of tenants looking to be near everything the CBD has to offer.

“Owner-occupiers can entrench themselves in Adelaide’s CBD, in close proximity to CBD’s high-quality hospitality and lifestyle amenity and accessibility, while also generating a strong income from the balance of the property.”

For more information on this transaction, contact:

Yee Ng on yng@adl.mcgees.com.au or 0402 715 883

Simon Lambert on slambert@adl.mcgees.com.au or 0408 846 999

View listing: 442 Pulteney Street, Adelaide | McGees Property Adelaide

A generational large-scale infill site in Adelaide’s northern suburb of Gepps Cross is for sale, presenting the market with a legacy development opportunity.

McGees Property’s Andrew Wilson and Simon Lambert are marketing 535 Grand Junction Road, Gepps Cross on behalf of private owners, via Deadline Private Treaty closing Thursday, 8 May at 4pm.

The campaign marks the first time in decades the property has been offered for sale. Expectations are circa $29.5 million.

Set across two certificates of title on 45,220sqm of land, the property comprises a mix of older and near-new high clearance and sawtooth warehouses, updated offices, and amenities, totalling 18,788sqm, and is currently utilised as a precast concrete manufacturing facility. The site includes on-site car parking, sheds, and partial perimeter fencing.

The property is occupied by Bianco Walling Pty Ltd on a lease expiring 30 June 2026, with additional right of renewal periods of five years each. Current passing net rent is $1,484,519 per annum plus GST. A development clause within the lease allows developers to terminate the lease.

“This is one of Adelaide’s last remaining large-scale development opportunities. We’re expecting local and national interest from developers, investors, and manufacturing owner-occupiers,” Wilson said.

“It’s a generational chance to secure an irreplaceable, substantial footprint in the heart of Adelaide’s tightly-held northern industrial and commercial precinct, at a time in which Adelaide is experiencing the most significant industrial land shortage in Australia.”

He said buyers have the chance to invest in the property and capture a strong income stream, occupy the facility for their own business, or develop the site depending on needs.

“The property is favourably zoned Strategic Employment in the City of Port Adelaide Enfield, which together with its substantial facilities and low site coverage makes it suited to a range of business operations, and also offers large scope for expansion of facilities, or development, from a value-add play to a new logistics estate.”

“Its flexible zoning, unparalleled connectivity, and exposure to tens of thousands of vehicles daily make it a legacy development opportunity.”

Lambert said, “The trophy asset offers unparalleled connectivity being strategically positioned minutes from the North-South Motorway centrally located between the Port and the CBD, making it ideal for industrial, manufacturing and logistics operations.

“The property is also close to Princes Highway, Main North Road, Churchill Road, and Salisbury Highway.”

The prime industrial precinct is home to some of the nation’s largest occupants, including Mainfreight, Linfox, Aldi’s distribution centre, Costco, Coopers, and Gepps XHome HQ, which is occupied by JB Hi-Fi, The Good Guys, Harvey Norman, Hungry Jack’s Ampol, Bianco Construction, Wattyl Paint and Coles.

For more information on this transaction, contact:

Andrew Wilson on awilson@adl.mcgees.com.au or 0450 965 633

Simon Lambert on slambert@adl.mcgees.com.au or 0408 846 999

View listing: 535 Grand Junction Road, Gepps Cross | McGees Property Adelaide

A local buyer has acquired a vacant medical consulting practice property in the southern Adelaide suburb of Aldinga, with an eye to the area’s strong growth prospects.

McGees Property’s Tim Pozza and James Juers sold 35 Old Coach Road via a Best Offers Over campaign on behalf of a private owner.

The sale price was $1.021 million plus GST.

Built by the vendor, the property comprises a building of 111sqm with a flexible layout, comprising two consulting rooms and reception and offices, with solar power, on a 700sqm site with 12 on-site car parks and dual-entry driveway.

It was previously occupied by Aldinga Osteo & Co.

Pozza said the purchaser is a locally-based finance company familiar with the location and keen to be a part of its growth story.

“Owner-occupiers showed strong interest in the property, which offered the chance to operate in a modern, well-presented, functional building in a central township location, providing an excellent foundation for long-term investment in one of the fastest-growing areas of the Fleurieu Peninsula,” he said.

“The building was originally constructed for a local medical professional seeking to take advantage of the rapid growth the area is seeing, from the recently opened Aldinga Payinthi College to the upcoming rail line extension and mooted wave pool.

“We expect demand for quality developments to grow alongside the region’s expanding population.”

The City of Onkaparinga expects its population to grow from around 181,000 to nearly 210,000 by 2041.

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Tim Pozza on tpozza@adl.mcgees.com.au or 0411 418 161

View listing: 35 Old Coach Road, Aldinga | McGees Property Adelaide

An industrial property in Adelaide’s prized inner north has sold off-market for $5.9 million, in another example of the strong existing demand from owner-occupiers for functional facilities.

McGees Property’s Marco Onorato and Andrew Wilson negotiated the sale of 19-21 Opala Street, Regency Park on behalf of a local private investor.

Industry-leading plant hire company Porter Plant is the purchaser.

The property is on a 7,928sqm site and comprises an office, warehouse and wash bay for a total of 1,070sqm of improvements, and a low 13% site coverage ratio.

“The purchaser saw significant value in the property,” Onorato said.

“The property offers large hardstand allowing for storage and display of heavy equipment, functional office and warehouse improvements with wash bay, heavy vehicle access, exposure to busy Grand Junction Road, and a tightly held Regency Park address,” he said.

“We continue to see strong demand from owner-occupiers seeking land-rich, functional industrial property within Adelaide’s premier inner north.”

Wilson said, “This deal is yet more evidence of McGees Property’s ability to leverage its networks and database to source an ideal purchaser and achieve a great result for our client, reflecting a deep market knowledge, understanding of the purchaser’s key requirements and ability to connect the right buyers and sellers.”

Onorato and McGees colleague Ross Christodoulou have also just sold an industrial facility in Newton in another off-market deal which saw long-standing family-owned and operated South Australian businesses trade the food processing and distribution facility for $4.85 million.

Functionality was also a key attraction for the purchaser, Enzo’s At Home.

The deals mean McGees Property has facilitated the sale of $10.75 million worth of industrial property off-market in recent weeks.

For more information on this transaction, contact:

Marco Onorato on monorato.adl.mcgees.com.au or 0481 157 645

Andrew Wilson on awilson.adl.mcgees.com.au or 0450 965 633

35 Old Coach Road, Aldinga

A local buyer has acquired a vacant medical consulting practice property in the southern Adelaide suburb of Aldinga, with an eye to the area’s strong growth prospects.

McGees Property’s Tim Pozza and James Juers sold 35 Old Coach Road via a Best Offers Over campaign on behalf of a private owner.

The sale price was $1.021 million plus GST.

Built by the vendor, the property comprises a building of 111sqm with a flexible layout, comprising two consulting rooms and reception and offices, with solar power, on a 700sqm site with 12 on-site car parks and dual-entry driveway.

It was previously occupied by Aldinga Osteo & Co.

Pozza said the purchaser is a locally-based finance company familiar with the location and keen to be a part of its growth story.

“Owner-occupiers showed strong interest in the property, which offered the chance to operate in a modern, well-presented, functional building in a central township location, providing an excellent foundation for long-term investment in one of the fastest-growing areas of the Fleurieu Peninsula,” he said.

“The building was originally constructed for a local medical professional seeking to take advantage of the rapid growth the area is seeing, from the recently opened Aldinga Payinthi College to the upcoming rail line extension and mooted wave pool.

“We expect demand for quality developments to grow alongside the region’s expanding population.”

The City of Onkaparinga expects its population to grow from around 181,000 to nearly 210,000 by 2041.

For more information on this transaction, contact:

James Juers on jjuers@adl.mcgees.com.au or 0438 442 909

Tim Pozza on tpozza@adl.mcgees.com.au or 0411 418 161

View listing: 35 Old Coach Road, Aldinga | McGees Property Adelaide

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19-21 Opala Street, Regency Park

An industrial property in Adelaide’s prized inner north has sold off-market for $5.9 million, in another example of the strong existing demand from owner-occupiers for functional facilities.

McGees Property’s Marco Onorato and Andrew Wilson negotiated the sale of 19-21 Opala Street, Regency Park on behalf of a local private investor.

Industry-leading plant hire company Porter Plant is the purchaser.

The property is on a 7,928sqm site and comprises an office, warehouse and wash bay for a total of 1,070sqm of improvements, and a low 13% site coverage ratio.

“The purchaser saw significant value in the property,” Onorato said.

“The property offers large hardstand allowing for storage and display of heavy equipment, functional office and warehouse improvements with wash bay, heavy vehicle access, exposure to busy Grand Junction Road, and a tightly held Regency Park address,” he said.

“We continue to see strong demand from owner-occupiers seeking land-rich, functional industrial property within Adelaide’s premier inner north.”

Wilson said, “This deal is yet more evidence of McGees Property’s ability to leverage its networks and database to source an ideal purchaser and achieve a great result for our client, reflecting a deep market knowledge, understanding of the purchaser’s key requirements and ability to connect the right buyers and sellers.”

Onorato and McGees colleague Ross Christodoulou have also just sold an industrial facility in Newton in another off-market deal which saw long-standing family-owned and operated South Australian businesses trade the food processing and distribution facility for $4.85 million.

Functionality was also a key attraction for the purchaser, Enzo’s At Home.

The deals mean McGees Property has facilitated the sale of $10.75 million worth of industrial property off-market in recent weeks.

For more information on this transaction, contact:

Marco Onorato on monorato.adl.mcgees.com.au or 0481 157 645

Andrew Wilson on awilson.adl.mcgees.com.au or 0450 965 633

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72-74 Grand Trunkway, Gillman

A versatile property in one of Adelaide’s most tightly-held and well-connected industrial precincts is expected to attract offers of more than $5 million.

McGees Property Partner Andrew Wilson and McGees Senior Executive – Sales & Leasing – Industrial Logistics Marco Onorato are marketing 72-74 Grand Trunkway, Gillman on behalf of a private owner.

The well-positioned property comprises a 1,521sqm modern warehouse, office and showroom facility on 6,714 sqm of land with large bitumen hardstand.

The facility and hardstand are vacant, while the property offers secure telecommunications income to 2033.

“We’re expecting occupiers, investors and developers from South Australia and around the country to show interest in this versatile offering,” Wilson said.

“Its Strategic Employment Zone in the City of Port Adelaide Enfield, substantial building area and low site coverage offers ample space for a variety of business operations, as well as potential for development or expansion.”

He noted the modern showroom and office amenities make it suitable for businesses that require both industrial and commercial spaces, while the 6kW solar system and 160-amps three-phase power supply make it an energy efficient and functional property for various operations.

Internal warehouse

“Buyers can choose to occupy the facility for their business; invest in the property, capturing the stable income stream from the telecommunications lease while leasing out the in-demand warehousing facility; or develop the site further depending on their needs,” he said.

“We continue to see strong leasing demand in core precincts, with tenants focusing on well-located facilities that offer good access, quality warehousing, and flexibility.”

Onorato noted the location’s excellent connectivity.

“The property is in an ideal location close to Outer Harbor Port and the Osborne Defence Precinct, offering direct access to major arterial roads including the Port River Expressway, North-South Motorway and Northern Connector.

“This prime location makes it ideal for industrial, manufacturing and logistics operations.” He added that the property presented a fantastic opportunity to acquire more than 6,700sqm of well-located industrial land at a time in which Adelaide is experiencing the most significant industrial land shortage in Australia.

For more information on this transaction, contact:

Andrew Wilson on awilson@adl.mcgees.com.au or 0450 965 633

Marco Onorato on monorato@adl.mcgees.com.au or 0481 157 645

View listing: 72-74 Grand Trunkway, Gillman | McGees Property Adelaide

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