Colliers International to auction adaptable retail property in popular Adelaide precinct
A flexible retail property in one of Adelaide’s premium beachside suburbs is up for grabs in an opportunity that would suit investors and owner-occupiers alike.
Colliers International’s Oliver Totani and Paul van Reesema have been appointed to sell a 220sqm property at 428 Brighton Road in Brighton.
“This well-located Brighton Road property offers adaptable improvements nd benefits from high exposure to 36,000 vehicles passing daily,” Mr Totani said.
“It is an opportunity that we expect both owner occupiers and investors alike to find attractive, given both the location and the potential for a range of future uses. The Torrens titled building would be suitable for retail, office, medical or consulting use."
Situated on Brighton Road, near the corner of Highet Avenue, the property is around 14km south west of the Adelaide CBD. Brighton Road is a major north-south arterial road linking Adelaide’s beachside suburbs to Anzac Highway and the CBD.
“Brighton is regarded as one of Adelaide’s premium beachside suburbs,” Mr Totani said. “This property is strategically situated on the area’s central retail and commercial strip, adjacent to Jetty Road which has now cemented itself as one of Adelaide’s pre-eminent beachside restaurant, café and entertainment precincts.
“It also offers the benefit of being surrounded by a wide array of well-known tenants such as National Pharmacies, TAB, Crust and Fasta Pasta right next door, and a Woolworths Shopping centre directly opposite."
428 Brighton Road is a standalone building with direct access from a rear car park to Brighton Road by way of a covered walkway.
“The property has been recently painted and brought back to original condition, ready for the new owner or tenant to add their own personalised fit out,” Mr van Reesema said.
“Being offered vacant possession, this represents a sensational owner-occupier opportunity. Likewise, there are also strong investment credentials from the long-standing tenancy mix from the adjoining properties and strategic location."
The property is for sale by auction, to be held onsite on Friday June 26 at 11am.