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Demand for mixed use developments on the rise in Adelaide’s city fringe

Jessica Freeman • 08/07/2022

116RoseTerraceWayvilleSAImage: 116 Rose Terrace, Wayville SA

As demand for inner city sites continues following surging residential prices throughout 2021-2022, one of Adelaide’s best development sites within walking distance to the CBD and Adelaide Parklands is set to hit the market.

Located at 116 Rose Terrace Wayville, the 868sqm* site offers favourable Urban Corridor zoning and mixed-use development scope for a number of residential, commercial or retail outcomes.

Wayville is a prestigious address in the heart of the tightly held inner South, home to high value character dwellings on large residential allotments, coupled with modern high-end townhouses and apartments. It is a prized location due to its proximity to business and lifestyle amenity that continues to be one the most popular areas in Adelaide.

For sale through Sam Alexander of Cushman & Wakefield and Zac Watts of Noakes Nickolas, development outcomes could include vertical luxury apartments, townhouses, hotel, retirement living, healthcare, office, retail, or mixed use, as well as restaurants, educational, community and cultural facilities (subject to Council consent). The site also offers street frontage of 16.76 metres*.

Sam Alexander of Cushman & Wakefield said “Bolstered by Urban Corridor zoning, we anticipate astute developers to view this site as one of the best available offerings for development on the doorstep of the Adelaide CBD and parklands” he said.

A hub for many major businesses along Greenhill Road, and retail amenity along Goodwood and King William Road, Rose Terrace runs parallel with Greenhill Road and sits directly opposite the Royal Adelaide showgrounds.

Zac Watts of Noakes Nickolas said the site is ideally located within walking distance to the Goodwood Train Station and 1.5km* to King William Road and just 3km* to Unley Shopping Centre.

“Investors are on the hunt for key locations such as this and we expect strong interest as developers look to create a vibrant mix of land uses, adding to the vitality of the area and extending activities outside normal shop hours” he said.  

116 Rose Terrace, Wayville is offered For Sale by Expressions of Interest closing Thursday 11th August 2022 at 4pm (ACST). 

*Approximate

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