Attractive Adelaide beachside investment with redevelopment potential

19 April 2023

JLL has been appointed to sell 6 & 8 Moseley Street, Glenelg. Situated in the heart of the beachside suburb, the properties have significant redevelopment potential and are currently fully leased generating strong income.

Land holdings of this scale with existing income and future development potential are rarely offered to the market and is a not-to-be-missed opportunity for a value-add investor or developer. The properties are separately titled and are offered for sale individually or in one line.

6 Moseley Street, Glenelg is a single storey mixed use property featuring a retail shop and residential tenancy.

8 Moseley Street, Glenelg comprises a single level commercial building with valuable on-site car parking leased to Zap Fitness.

The combined land holding of approximately 1,300 sqm features a wide frontage of over 30m to Moseley Street plus rear access from Milton Street and valuable on site parking.

JLL Executive Simon Hilmgard said: “Enjoying two street frontages and zoned for development up to five storeys, the offering presents as a prime value-add investment that will appeal to a range of buyers.”

Situated in one of the most prestigious beachside precincts, the property is just metres from the high street retail offered on Jetty Road and a short walk to the Glenelg beachfront. Surrounded by first class amenity, the properties enjoy ease of access with the city tram and several buses on Jetty Road directly connecting with the CBD and surrounds.

Glenelg is set to capitalise on the investment and influx of activity generated by the $50 million hotel development on the corner of nearby Jetty Road and Colley Terrace. With ground floor retail, restaurants and a gymnasium, the seven-storey building will further enhance this beachside destination.

Zoned Urban Corridor (Main Street) in the City of Holdfast Bay, town planning supports a range of end uses including retail/hospitality, office, residential, accommodation and various mixed-use outcomes subject to statutory approvals said JLL Executive Claudia Brace.

6 & 8 Moseley Street, Glenelg are offered for sale by Expression of Interest closing 4pm (ACST) on Tuesday 9 May 2023.