NEWS

Lack of inner metro development opportunities set to spark contest

Colliers International expects strong interest from developers, owner-occupiers for Klemzig site

Opportunity-hungry developers and owner-occupiers are expected to compete strongly for a prime development site in Adelaide’s north eastern suburbs.

Colliers International’s Oliver Totani and Alistair Mackie have been appointed to sell a 1,934sqm site at 10-12 OG Road in Klemzig.

The property offers a regular shaped allotment with extensive frontage of 21 42m to OG Road providing the right canvass when considering medium density residential development.

Mr Totani said the land being zoned ‘Residential East Policy Area 64’ in the City of Port Adelaide Enfield Council which, due to its proximity to public space realms, the major thoroughfare of north east road, made it ia prime development option.

“This is an exceptional inner north eastern suburbs development site offering the potential of a number of development outcomes including medium density residential along with the likes of child care,” he said.

“The market has been starved of well located inner metropolitan development sites such as these of late, so we expect strong demand from developers and owner-occupiers alike."

Located on OG Road, with direct access to North East Road, the property offers a highly exposed site well positioned to all public amenity and transport.

The property is offered for sale by public auction on April 22, 2016 at 11am onsite.

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