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

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

Long-standing family-owned and operated South Australian businesses have traded a food processing and distribution facility for $4.85 million in an off-market deal.

McGees Property’s Marco Onorato and Ross Christodoulou negotiated the significant sale of 7 Antonio Court, Newton.

Slape & Sons – producer of premium sausages, burgers, rissoles and chevapchichis -will be handing over the keys of the 1,724sqm facility, some 30 years on from when three generations of the family started the business.

On the buy-side is popular and multi-award winning ready-made meals brand Enzo’s At Home, which carries on the culinary legacy of Enzo Fazzari’s renowned Hindmarsh restaurant Enzo’s Ristorante. Its meals are stocked in supermarkets including Drakes and IGA.

“Both the vendor and purchaser are expanding to further their national growth strategies,” Onorato explained.

“It’s a fantastic outcome for both.“ The functionality of the property was a huge attraction for Enzo’s At Home. We’re seeing strong demand for high-quality food processing facilities and very little stock is becoming available.”

The facility is on a 3,329sqm site that offers easy access and ample parking.

Christodoulou said the facility was strategically located close to Gorge Road and Lower North East Road, offering easy access to the rest of Adelaide.

“Functionality and accessibility are front of mind for operators who want to cater to demand in good time and get their products out there,” he said.

Onorato said the transaction showcases McGees Property’s deep market knowledge and ability to connect the right buyers and sellers.

“Using our networks and database we were able to source the ideal purchaser for this property and achieve a great result for our client,” he said.

For more information on this transaction, contact:

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

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

A versatile Port Adelaide office, showroom and warehouse facility has sold under the hammer for $2 million after a huge auction campaign.

McGees Property’s Marco Onorato and Ross Christodoulou sold 21 Baker Street, Port Adelaide on behalf of a retiring couple who had owned the property for 25 years.

The property comprises a 584sqm building on 1,039sqm of land and was offered with vacant possession.

The auction campaign generated significant enquiry from owner-occupiers, with more than 100 enquiries culminating in fierce competition between eight bidders on auction day.

Onorato said the purchaser is an interstate owner-occupier who is looking for warehouse distribution for their national stone and home improvement business.

“They have an existing showroom in Kent Town and required a storage and distribution warehouse,” he said.

“They were attracted to the property’s strategic location close to the Port, Airport andmajor roads. We continue to see strong demand for north-western industrial assets.”

Christodoulou said owner-occupiers are still driving this part of the industrial market.

“The industrial market remains incredibly tight and businesses are looking to take the leap to purchase their own facilities,” he said.

He added, “There’s a lack of supply of Torrens-titled warehousing and that was reflected in the huge demand our campaign generated”.

For more information on this transaction, contact:

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

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

View listing: 21 Baker Street, Port Adelaide | McGees Property Adelaide

At a time of volatility in other markets, investors continue to seek the safety of quality fast food, or quick-service restaurant (QSR) commercial real estate investments.

In the latest deal, McGees Property’s Andrew Wilson and Phillip Joncheff negotiated the off-market sale of the KFC at 705 Grand Junction Road, Northfield.

The $4.9 million sale price showed a tight 4% yield.

“We’re seeing pretty volatile residential and share market conditions, and investors are continuing to seek the safety of commercial real estate assets with quality leases,” Wilson said.

“This particular asset offered a secure 15-year lease with multiple options to one of the QSR market’s dominant players.”

“Fast food continues to be one of the best-performing asset classes in South Australia and across the country, having proven to be ultra-resilient over the past several years.

“This deal sets the pace for the fast food asset class in the early running of 2025.”

The local private purchaser was sourced exclusively from McGees Property’s network of investors, Joncheff said, and had been seeking off-market opportunities for some time.

“This deal is another example of McGees Property being able to utilise our network and database of contacts and negotiate a strong outcome for our client,” he said.

Joncheff said the purchaser was also attracted to the property’s high exposure to traffic on Grand Junction Road, close to the T-intersection of Hampstead Road; its location just nine kilometres from the CBD; and proximity to the significant Oakden Rise residential development by Villawood, which will boost the local catchment and underpin the asset’s trade prospects.

Wilson and Joncheff managed the sale on behalf of vendor and developer Bella Build and Design.

For more information on this transaction, contact:

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

Phillip Joncheff on pjoncheff@adl.mcgees.com.au or 0412 231 645

Investors continue to pursue childcare centre investment opportunities in growth areas, with an interstate purchaser acquiring a childcare facility in the Victor Harbor town of McCracken for $3.3 million.

McGees Property’s Igor Jaric, Yee Ng and Michael Dimasi negotiated the off-marketsale of 17 Alexander Street, McCracken.

The property has a secure 10-year lease to one of Australia’s largest ASX-listed early childhood and care providers, G8 Education, and traded on a 5.75% yield.

“Strong demand is evident in the childcare centre investment space, with buyer appetite contingent on the quantum price point and quality of the lessee’s covenant,” Dimasi said.

“In this case, price point was at an attractive level for investors, and the covenant being a publicly listed entity in G8 Education was a major investment drawcard.”

He said yields in the childcare sector are expected to tighten throughout 2025 on the back of growing investor confidence and potentially further interest rate cuts.

Ng said buyers are making purchases of childcare centre assets located in growing areas as an investment and land bank play, securing a long-term income stream underpinned by increasing demand for services while enjoying value appreciation.

He said the Victor Harbor region is attracting a growing number residents drawn to the coastal lifestyle and the expanding hospitality and lifestyle amenity, and high-quality schools and health facilities, in a location that benefits from ease of access to metropolitan Adelaide.

“The City of Victor Harbor is one of the state’s fastest-growing areas, with forecast population growth of 8,000 people over the next 25 years. That will put upwards pressure on demand for childcare services and facilities.”

Jaric said major infrastructure projects improving connectivity to the region, including the $810 million Fleurieu Connector, Southern Expressway and $15.4 billion

Torrens to Darlington motorway, are further driving growth of regional areas such as Victor Harbor at a time of widespread adoption of flexible working arrangements.

“Being just under an hour’s drive from Adelaide, the Fleurieu Peninsula is an appealing location for people to live and work, and have a balance between urban access and tranquil environment.”

For further information about this deal, or to discuss your personal property matters, feel free to reach out to McGees Property Adelaide.

For more information on this transaction, contact:

Igor Jaric on ijaric@adl.mcgees.com.au or 0474 345 945

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

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

An exceptional fully leased retail investment in the absolute heart of Blackwood is on the market, offering buyers attractive returns.

McGees Property’s Yee Ng and Simon Lambert are marketing 364-370A Shepherds Hill Road, Blackwood on behalf of a private owner.

Expectations are in the mid- to upper-$2 millions range, equating to a 6% to 6.5%return.

Comprising a 398sqm building, the property is fully leased to five established tenants for an estimated current net income of $166,044 per annum.

“This is an exceptional investment opportunity with attractive returns,” Ng said.

“The leases range from a secure lease to national tenant People’s Choice Credit Union to tenants on monthly leases, offering a mix of reliable income with the excellent opportunity to potentially occupy a portion or secure a new lease with existing tenants,” Ng said.

“The property’s location in the heart of Blackwood, adjoining Woolworths supermarket, gives this asset exposure to a high level of foot traffic, making it a high priority for tenants looking to get into the area,” he added.

“We’re expecting predominately investors to show interest in the property given the attractive returns on offer and its quality position.

“Blackwood is a hugely desirable suburb, offering a picturesque lifestyle with easy access to the city by public transport.”

Expressions of Interest close Thursday, 20 March at 4pm.

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: 364-370A Shepherds Hill Road, Blackwood | McGees Property Adelaide

Investors continue to pursue health and medical real estate investments, seeking secure incomes at a time of volatility in other sectors.

In the latest deal, McGees Property’s Igor Jaric and Yee Ng negotiated the sale of a medical centre property at 1290 Grand Junction Road in Hope Valley for $3.8 million.

The character medical clinic of 436sqm – a repurposed and extended former Methodist Chapel – comprises 12 consulting rooms, CDM and treatment room, pathology, reception, admin, office, gym and kitchen, and is on a 1,257sqm site with ample parking and zoned Employment/General Neighbourhood.

It was offered with a new 5+5+5-year lease to Pro Health Care.

“This was an ideal opportunity for buyers looking for a set-and-forget investment,” Ng said.

“Medical centre assets have proven to be ultra-resilient over the past several years, making them a hugely attractive reliable and defensive option at a time of volatility in other sectors.

“This property offered the benefit of a new, secure lease to a proven tenant with multiple locations across South Australia, and ongoing population growth will mean more people that require access to health and medical services, further underpinning security of tenancy.”

For more information on this transaction, contact:

Igor Jaric on ijaric@adl.mcgees.com.au or 0474 345 945

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

View listing: 1290 Grand Junction Road, Hope Valley | McGees Property Adelaide