A premium industrial property with development potential in the southern Adelaide suburb of Lonsdale is being offered to the market.
CBRE’s Andrew Nagy and David Reid have been appointed to sell the 10,130sqm property at 26 Heath Street via Private Treaty on behalf of a private vendor.
The property, which is being offered for sale with predominantly vacant possession, comprises a 3,025sqm industrial facility that offers a flexible layout conducive to three separate tenancies if desired.
Offering a large, open fenced hard stand, the property is one of the most significant and well configured facilities of its kind in the well-known Lonsdale industrial hub.
Mr Nagy said the property presented an opportunity for local businesses to upgrade to a more substantial facility.
“Situated in the heart of the Lonsdale industrial zone, this property benefits from close proximity to major transport corridors including the Southern Expressway and Lonsdale Highway,” Mr Nagy said.
“Adelaide’s southern suburbs are among the city’s highest growth areas, with a flurry of residential development providing a strong trade and construction supply base. Lonsdale is seeing renewed interest as growing industrial and supply related businesses on the city fringes of the city seek larger premises.”
Mr Reid said the property also represented an attractive development opportunity.
“With only 19% site coverage, there is significant potential to expand the building as a growing business would require,” Mr Reid explained.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.