A versatile property in one of Adelaide’s most tightly-held and well-connected industrial precincts is expected to attract offers of more than $5 million.
McGees Property Partner Andrew Wilson and McGees Senior Executive – Sales & Leasing – Industrial Logistics Marco Onorato are marketing 72-74 Grand Trunkway, Gillman on behalf of a private owner.
The well-positioned property comprises a 1,521sqm modern warehouse, office and showroom facility on 6,714 sqm of land with large bitumen hardstand.
The facility and hardstand are vacant, while the property offers secure telecommunications income to 2033.
“We’re expecting occupiers, investors and developers from South Australia and around the country to show interest in this versatile offering,” Wilson said.
“Its Strategic Employment Zone in the City of Port Adelaide Enfield, substantial building area and low site coverage offers ample space for a variety of business operations, as well as potential for development or expansion.”
He noted the modern showroom and office amenities make it suitable for businesses that require both industrial and commercial spaces, while the 6kW solar system and 160-amps three-phase power supply make it an energy efficient and functional property for various operations.
“Buyers can choose to occupy the facility for their business; invest in the property, capturing the stable income stream from the telecommunications lease while leasing out the in-demand warehousing facility; or develop the site further depending on their needs,” he said.
“We continue to see strong leasing demand in core precincts, with tenants focusing on well-located facilities that offer good access, quality warehousing, and flexibility.”
Onorato noted the location’s excellent connectivity.
“The property is in an ideal location close to Outer Harbor Port and the Osborne Defence Precinct, offering direct access to major arterial roads including the Port River Expressway, North-South Motorway and Northern Connector.
“This prime location makes it ideal for industrial, manufacturing and logistics operations.”
He added that the property presented a fantastic opportunity to acquire more than 6,700sqm of well-located industrial land at a time in which Adelaide is experiencing the most significant industrial land shortage in Australia.
Expressions of Interest close Thursday, 17 April at 3pm.
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