Strong demand for flexible-use sites near Adelaide CBD as buyers eye repurposing and redevelopment opportunities.
Colliers has successfully transacted a prominent industrial property at 260 North East Road, Klemzig, for $4.6 million, highlighting continued demand for well-located, high-exposure assets with redevelopment potential in Adelaide’s inner north-east.
The property, comprising two regular-shaped allotments totalling 2,994 sqm, was offered with vacant possession and attracted strong interest from a diverse buyer pool. With a commanding 47.89-metre* frontage to North East Road and exposure to over 42,800 vehicles daily (DPTI), the site presented a rare opportunity for repurposing or refurbishment in the short to medium term, with longer-term redevelopment potential.
Paul Tierney, Colliers’ National Director, Industrial & Logistics, said, “This asset stood out due to its strategic location, flexible zoning and existing improvements, including a state-of-the-art showroom and workshop, extensive yard and car parking.”
The property is situated within the Employment Zone of the City of Port Adelaide Enfield, which supports a wide range of industrial and commercial uses. Located just 6 kilometres* from the Adelaide CBD, 15 kilometres* from Adelaide Airport and 17 kilometres* from Port Adelaide, the site benefits from excellent connectivity and access to key infrastructure.
Luke Brown, Executive, Industrial & Logistics at Colliers, commented, “Klemzig continues to attract strong interest due to its proximity to the CBD and major arterial roads. North East Road is a key corridor linking the north-eastern suburbs to the city, and properties with this level of exposure and flexibility are increasingly rare. The sale reflects the ongoing appetite for well-located industrial assets with value-add potential.”
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