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Highly coveted retail strip in Adelaide’s East hits the market for first time in 50 years

Jess Freeman • 02/05/2022

300-308 Greenhill Road, Glenside

Adelaide’s eastern suburbs continue to be home to the most tightly held real estate in South Australia with the combination of its leafy streets, high value housing and fantastic residential amenity ensuring the area remains extremely sought after.

Offered for the first time in over 50 years, 300-308 Greenhill Road, Glenside comprises an exceptional main road retail property situated in the heart of Adelaide’s prized eastern suburbs.

Situated on a prime corner site of 965* square metres, and boasting net income of $156,324 per annum, the single storey row of strip shops provides purchasers with a strong income stream whilst being underpinned by its high land value and future development potential.

For sale through Jed Harley and Hamish Crouch of Cushman & Wakefield, the property is fully leased to a diverse mix of tenants, offering astute investors the rare opportunity to acquire a land rich investment in one of the most tightly held precincts in the metropolitan area.

According to Jed Harley, “Opportunities of this calibre are rarely available in the inner east, with properties typically held in the same ownership for generations”.

300-308 Greenhill Road is situated less than 3 kilometres from the CBD, 500 metres from Burnside Village shopping centre, and is a short drive from The Parade, Norwood and the fringe office precincts of Greenhill Road and Fullarton Road

Hamish Crouch said “The property comprises eight tenancies leased to six tenants on varying lease terms, all with redevelopment clauses in their leases. All are structured on a net basis with property outgoings recoverable except for Land Tax”.

300-308 Greenhill Road, Glenside is being offered for sale by public auction to be held onsite on Tuesday 31st May 2022 at 10am.

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