Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1900
Tenure Type Freehold
Lot Size 3,485 HECTARES

Property Description

JLL and Mathesons are delighted to offer 21-25 South Esplanade, Glenelg for sale by Expression of Interest. This is an incredible beachfront development opportunity located on Adelaide’s most popular beach.


21-25 South Esplanade comprises a large parcel of land of 3,485sqm* held on six Certificates of Title, and boasts an incredible frontage of over 80 metres directly to the beach reserve of South Esplanade. Further frontages to Pier Street, Oldham Street and a public lane on the northern boundary provide access from all sides.


The site has enormous development potential and would suit a number of mixed-use outcomes including apartments, hotel, serviced apartments, and accompanying commercial/retail uses (subject to statutory approvals).


Beachfront land holdings of this scale along Adelaide’s metropolitan beaches are extremely hard to come by, and we consider this site to be one of the best available. It is certainly the best development site to be offered to the market this year.


For Sale by Expression of Interest closing 4pm (ACDT) Thursday 14 November 2019.


For further information, please contact the exclusive selling agents.


JLL RLA 1842


Mathesons RLA 122345


*Approximate

Investment Highlights

  • 400m south of Glenelg Jetty
  • Site Area: 3,485sqm*
  • 100% Freehold Interest
  • Beach frontage 80m*
  • Potential residential & mixed use development (stnc)
  • 7 buildings currently providing boutique accommodation
  • Potential holding income
Jed Harley
Director, Sales & Investments - SA
Roger Klem
Head of Sales & Investments - SA

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.