Under Offer 02/04/2024
Rare Opportunity of Scale
861-871 North East Road, Modbury SA 5092
Contact Agents
RetailSize: n/a
Block size: 4181 m² approx.
JLL is pleased to present 861-871 North East Road, Modbury for sale by Expression of Interest. Whether seeking a significant development opportunity of scale or a fully leased investment with strong underlying land value, this property appeals to the most astute purchasers.
Comprised across four Certificates of Title and configured as a local shopping centre with a GLA of 602sqm* configured as eight tenancies along will three residential dwellings. Available 'in one line' or individually may be considered.
Partial Local Activity Centre zone with a rezoning application in process for the whole property to fall under this flexible zoning. This zoning allows for a range of uses or take advantage of the existing Development Approval and Planning Consent for a three-level mixed use development.
We highlight the key property features below:
· Significant total site area of 4,181sqm* with a 113.39m frontage to North East Road
· Fully leased with an attractive gross income of $238,132 pa*
· Four Certificates of Title and four individual properties providing flexibility
· Shovel ready Development Approval and Planning Consent for a three-level mixed use development
· Strong redevelopment potential with an existing approval in place and rezoning application underway
· No stamp duty payable on commercial property transactions in South Australia
The total property holding has been acquired over many years and together presents a rare site of significant scale, which in this location is highly sought after but seldom offered to market.
The property is offered for sale by expression of interest closing 4pm (ACDT) 19 March 2024.
For more information or to arrange an inspection, please contact exclusive selling agent JLL.
*Approx
JLL RLA 1842
Comprised across four Certificates of Title and configured as a local shopping centre with a GLA of 602sqm* configured as eight tenancies along will three residential dwellings. Available 'in one line' or individually may be considered.
Partial Local Activity Centre zone with a rezoning application in process for the whole property to fall under this flexible zoning. This zoning allows for a range of uses or take advantage of the existing Development Approval and Planning Consent for a three-level mixed use development.
We highlight the key property features below:
· Significant total site area of 4,181sqm* with a 113.39m frontage to North East Road
· Fully leased with an attractive gross income of $238,132 pa*
· Four Certificates of Title and four individual properties providing flexibility
· Shovel ready Development Approval and Planning Consent for a three-level mixed use development
· Strong redevelopment potential with an existing approval in place and rezoning application underway
· No stamp duty payable on commercial property transactions in South Australia
The total property holding has been acquired over many years and together presents a rare site of significant scale, which in this location is highly sought after but seldom offered to market.
The property is offered for sale by expression of interest closing 4pm (ACDT) 19 March 2024.
For more information or to arrange an inspection, please contact exclusive selling agent JLL.
*Approx
JLL RLA 1842
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jack O'Leary to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
4181 m²*
Other Details
Plan Type:
D
Plan:
7198
Parcel Type:
A
Parcel:
36
Legal description:
D/7198/A/36
Maps and area information
Block information
Block size: 4181m² (approx)
Legal description: D/7198/A/36
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
39 years
Population
5,593
Listing ID: 182312010. This listing has been viewed 19 times. It was first displayed on 20/02/2024 and last updated on 02/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.