An incredibly rare opportunity to acquire one hectare of inner suburban land on a key arterial road has hit the market, in one of Adelaide’s best landbank offerings of 2025.

McGees Property’s Yee Ng, James Juers and Simon Lambert are marketing 700-706 Port Road, Beverley via Expressions of Interest closing Thursday, 6 November at 4pm on behalf of a private owner.

Expectations are of $12 million to $13 million.

The prime 10,764sqm site is just six kilometres from the CBD centre and boasts three street frontages with exposure to daily passing traffic of 41,100 vehicles, and is zoned Employment/Strategic Employment.

It comprises a 7,000sqm office and warehouse facility that is fully leased to The Wholesale Furniture Co on a 3+3-year term returning a passing gross rental of $550,000 per annum.

“This is an incredibly rare opportunity to acquire one hectare of inner Adelaide land,” Ng said.

“Truly irreplaceable, it’s one of inner Adelaide’s very few remaining large-scale development opportunities. It ticks all the boxes – flexible zoning, high exposure to tens of thousands of vehicles each day, and excellent accessibility.

“We’re expecting local, national and offshore interest from investors, land bankers and developers.”

Juers said, “Buyers have the chance to invest in the property and capture a strong income stream from a lease to a quality tenant, and assess their options for the site going forward.

“The site’s favourable zoning makes it suited to a range of business operations and redevelopment options that include warehousing, logistics estates, showrooms and mixed-use projects.

“Notably, it comes to the market at a time in which Adelaide is experiencing the most significant industrial land shortage in Australia, amid ongoing growing demand for sizeable, accessible sites propelled by activity in a number of high-performing local industries.”

Lambert said the strategically located property offered exceptional connectivity to and from Port Adelaide and the Adelaide CBD via Port Road, and north-south connectivity via nearby Holbrooks Road and South Road. Kilkenny train station is also just moments away.

For more information contact the exclusive selling agents:

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

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

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

View listing: 700-706 Port Road, Beverley | McGees Property Adelaide

A blue-chip, high-profile fuel asset leased to national service-operator, United Petroleum in a metro Adelaide suburb has hit the market.

McGees Property’s Michael Dimasi and Ross Christodoulou are marketing the United Petroleum fuel and retail convenience offering at 652-656 Torrens Road, Pennington on behalf of a private South Australian investor.

Expressions of Interest close Thursday, 16 October at 4pm.

On a prime 2,987sqm corner site with 141m of combined frontage, the property has a long-term lease to major national operator United Petroleum Pty Ltd – one of Australia’s largest independent fuel retailers with circa 500+ sites nationally – running to November 2033 with six five-year options to renew until 2063, and a current WALE of 8.2 years. There is also a Pie Face on-the-go bakery and car wash facilities on the site.

Current estimated net income is $242,300 per annum. The lease structure sees the tenant responsible for usual outgoings including insurance, statutory outgoings, repair and maintenance, with fixed annual increases of 2.50% per annum and a market review upon renewal.

“This is an exceptional opportunity to secure a blue-chip, high-profile, national service-operated commercial asset,” Dimasi said.

“Fuel station assets have proven to be remarkably resilient in recent times. We’re expecting really strong interest from investors given the set-and-forget nature of the asset, stamp duty exemption, at an affordable price point compared to similar assets in metro locations across Australia.

“It’s a rare chance for investors to secure a quality covenanted asset at this level in a metro location that’s really booming.”

Pennington is an up-and-coming suburb just 12 kilometres north-west from the Adelaide CBD, with a median house price that has surged by 13.6% in past 12 months to $800,000.

“The highly recognisable, national brand will bring great confidence to the market of the quality of the tenancy covenant, and Pennington’s growth offers excellent trade prospects for the asset,” Dimasi said.

The property is located within the City of Charles Sturt and zoned Local Activity Centre, and has a population of more than 120,000 and an economic output of $16.315 billion.

Christodoulou said the property is strategically located on busy Torrens Road, in a high-exposure position at the corner of Burleigh Avenue and the intersection of Cheltenham Parade and Addison Road.

“This asset is ideally positioned to capture busy traffic in Adelaide’s growing north-west.”

For more information contact the exclusive selling agents:

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

Ross Christodoulou on rossc@adl.mcgees.com.au or 0423 420 339

View listing: 652-656 Torrens Road, Pennington | McGees Property Adelaide

Owner-occupiers, investors and future developers are all expected to compete for a high clearance warehouse site in prized Port Adelaide.

McGees Property’s James Juers and Michael Dimasi are marketing 49 Webb Street, Port Adelaide, on behalf of a vendor who has owned and operated from the property for a number of years.

The property will go to auction on Thursday, 14 August at 11am on-site.

Comprising a functional warehouse of 910sqm, plus a 92sqm mezzanine, with a high internal clearance of up to 7m, the property is on two Certificates of Title across 1,045sqm of site area and boasts dual street frontages of 46m to Webb Street and 25m to Langham Place.

It is offered with a short-term holding income until January 2026.

“We’re expecting interest from businesses looking to own their own premises, as well as investors and future developers,” Juers said.

“Owner-occupiers will see this as a ready-to-go high clearance warehouse and factory with three-phase power.

“Investors will note that tenants are focusing on well-located facilities in established industrial hubs that offer good access, quality warehousing, and flexibility. Port Adelaide is at the absolute heart of Adelaide’s industrial sector.”

The highly accessible property is located moments from the intersection with Old Port Road, as well as Grand Junction Road and Port Road.

Exterior of warehouse

“Further, this property can be occupied as one tenancy or split into multiple tenancies. Industrial sites with existing improvements that can be repositioned, upgraded, or redeveloped to maximise value over time are particularly sought-after currently,” Juers added.

The property is zoned Housing Diversity Neighbourhood within the City of Port Adelaide Enfield with current industrial existing use rights.

“This is a rare opportunity to acquire 1,045sqm of prime industrial land in a key logistical location,” Dimasi said.

“Future developers will be able to acquire a site that is in-demand from tenants and secure a solid income stream while assessing their options for the property.”

For more information contact the exclusive selling agents:

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: 49 Webb Street, Port Adelaide | McGees Property Adelaide

McGees Property’s Andrew Wilson and Daniel Scinto negotiated the sale of 13-43 Webb Street, Port Adelaide on behalf of off shore institutional investor Silverfin Capital.

The property comprises 15,520 sqm of offices and warehouse, including gantry cranes, on 44,080sqm of land.

It is leased to long-standing national tenant, major steel processor and distributor InfraBuild until 2030. The sale price reflected a yield of 5.81%.

“The purchaser is a local private investor who will hold the property long-term as a leased investment, and will explore future value-add opportunities in line with tenant and market requirements,” Wilson said.

“This deal demonstrates the strength of the South Australian industrial sector and the ongoing demand for leased investments with value-add potential. We’re seeing an undersupply of quality leased stock driving competition,” he said.

“This property offered the rare opportunity to acquire a substantial industrial asset with a secure income stream backed by an established tenant, in a well-connected prime industrial precinct.

“Sites that are land-rich with existing improvements that can be repositioned, upgraded, or redeveloped to maximise value over time continue to be particularly sought-after.”

Scinto said there is strong leasing demand in core precincts, offering excellent tenancy and rental prospects over the long-term.

“Tenants are focusing on well-located facilities in established industrial hubs that offer good access, quality warehousing, and flexibility.”

The highly accessible property is located moments from the intersection with Old Port Road, as well as Grand Junction Road and Port Road.

Sinto added, “This was an incredibly rare opportunity to acquire more than 4.4 hectares of prime industrial land in a key logistical location, when Adelaide is witnessing 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

Daniel Scinto on dscinto@adl.mcgees.com.au or 0415 584 818

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 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