Large, sealed site with DA approval set to attract strong interest from developers and occupiers.
Colliers and Leedwell are pleased to present a centrally located property on a large site of 12,896 square metres, which was acquired via a Colliers sales campaign in 2023/24 with the new owners now offering the site for sale via a subdivision into four lots at 28-32 Grove Avenue, Marleston.
The four Torrens Title allotment sub-division has an approved Development Application (DA) with the Deposited Plan expected in May 2025. Notably, two of the four allotments are already under contract above the target price expectation, highlighting the high demand for such super prime sites in Adelaide.
Situated on the western side of Grove Avenue, just 5 kilometres from the CBD and Adelaide Airport respectively, and 14 kilometres from Port Adelaide, the property provides easy access to surrounding areas and major arterial roads including Richmond Road, Anzac Highway, South Road, and Sir Donald Bradman Drive.
Lots 1-4, 28-32 Grove Avenue, Marleston are located in the Strategic Employment zone within the City of West Torrens. This zone supports a range of industrial, logistical, warehousing, storage, research, and training land uses, along with compatible business activities that generate wealth and employment for the state.
Paul Tierney, Colliers National Director Industrial & Logistics Adelaide, commented, “The property presents a rare and exceptional opportunity for owner occupiers and developers, offering the remaining two super prime industrial allotments that are DA approved for sale with pricing from $1350/sqm plus GST.”
“With gross take-up in Q1 2025 constrained by a lack of available development land, the demand for super prime sites is evident. Owner operators are expected to remain the most active for this precinct with developers and investors also actively looking for these opportunities in this and other near city precincts,” Mr Tierney added.
Tom Barrett, Colliers Director Industrial & Logistics Adelaide, said, “The absence of new supply in Q1 2025 has further tightened an already constrained market. However, with inflation easing and interest rate cuts improving macroeconomic stability, developers are regaining confidence in speculative development. This makes the remaining allotments at Grove Avenue particularly attractive to owner occupiers, developers and investors alike.”
The sale is being managed by Colliers’ Paul Tierney and Tom Barrett, together with Henry Treloar and Anthony De Palma from Leedwell.
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