Cushman & Wakefield is pleased to present an exceptional opportunity to secure a strategic West End development site positioned within one of Adelaide’s fastest evolving mixed-use corridors.
Key Features:
• Net passing income of $163,000 p.a.* providing holding income during planning
• Clean 3-month redevelopment clause providing execution certainty
• Walking distance to major education, health and employment anchors
• Strong public transport connectivity and pedestrian catchment
Property Overview:
• Heritage-free dual-frontage development site across 2 Titles, fronting Hindley Street and Rose Street
• Land Area: Approx. 1,325 sqm of efficient, regular-shaped landholding
• Zoning: Capital City Zone supporting high-density mixed-use and accommodation outcomes
• Positioned within Adelaide’s West End growth corridor benefiting from significant education, health and infrastructure investment
Development Potential:
• Ideal for PBSA, build-to-rent, residential or mixed-use development (STCC)
• New pre-approved height allowances of up to 60 metres provide strong development capacity and long-term value creation potential
Market Context:
• Zero stamp duty on commercial property transactions in South Australia
• Limited supply of strategic CBD development land
• Strong student, residential and workforce accommodation demand driven by university consolidation and biomedical precinct expansion
296 & 298 Hindley Street, Adelaide is offered For Sale via Expressions of Interest closing 18 March at 3pm (ACDT).
For further information or to arrange an inspection, please contact the exclusive marketing agents.
Anton Williams
0425 212 674
Jack Dascombe
0466 233 618
Cushman & Wakefield Agency (SA) Pty Ltd
RLA 315 726
*Approximate
- Adelaide CBD