The best site in Tonsley
Cushman & Wakefield is proud to offer for sale 1 MAB Eastern Promenade, Tonsley.
Known as Lot 105, it is the most prominent site available at the Tonsley Innovation District and the last remaining undeveloped parcel of land on the eastern side of the iconic Main Assembly Building (MAB).
Lot 105 comprises approximately 4,617sqm of clear and level land with street frontage to three sides and reserve frontage to the fourth side. It presents incredible visibility with the site being located just in extension to the main entrance into the District with Tonsley Boulevard. Sitting between academic institution Flinders University and the boutique hotel LaLoft, it provides access to talent and an attractive way to host and entertain visitors and guests within footsteps.
The opportunity now exists for developers or owner-occupiers to acquire the site to either continue with the vision of the existing owner and complete a hospital development or alternatively develop the site into another use, subject to compliance with the Tonsley Suitability criteria and completion of the Tonsley Suitability Assessment Tool, which can be found here: www.tonsley.com.au/suitability-assessment-form
Since inception in 2012, the former 61-hectare Chrysler / Mitsubishi Motors site located 10km south of the Adelaide CBD continues to transform into the globally recognised Tonsley Innovation District.
The redevelopment of Tonsley is facilitating growth in high-value manufacturing and its’ four focus sectors and is contributing to a resilient and prosperous South Australian economy:
• Close to 2,000 people are now employed at the District, doubling the amount of employment on the site compared to Mitsubishi’s final years of operation.
• There are now over 140 businesses established, co-existing in a diverse mix.
• 8,000 students are being educated across tertiary and academic anchor institutions such as TAFE SA and Flinders University.
• Over 600 residents moved into terrace homes and apartments at PEET’s residential development, Tonsley Village, expecting to grow to around 2,000 residents, contributing to realise the vision for Tonsley Innovation District as a vibrant, mixed-use district.
To date, a total of almost $400 million has been invested or is committed by the private sector, demonstrating real confidence in one of SA’s most significant economic development initiatives.
Over the past ten years, Tonsley has risen to be Australia’s most awarded Innovation District and has become a benchmark globally, driving excellence in executing the Innovation District model comprising of physical, economic and networking assets.
Lot 105 presents a fantastic opportunity for developers and occupiers to join this magnificent District and capitalise on the huge success that Tonsley continues to enjoy.
Lot 105 is for sale by Private Treaty. For more information, please contact exclusive selling agents Cushman & Wakefield.
Cushman & Wakefield
0418 807 920
0457 888 213
RLA 315 726- Adelaide Metro