In what will make way for a landmark development in Adelaide CBD, a prominent site adjacent to one of South Australia’s largest infrastructure projects has been listed for sale.
1 North Terrace is a 2,646sqm site centrally positioned directly opposite the new $1.85 billion Royal Adelaide Hospital, along with the iconic SAMHRI building and soon to be developed $125 million University of SA medical and dental school.
CBRE’s Phil Rundle, who has been appointed to steer the property’s sale in conjunction with fellow agent Alistair Laycock, said the site’s unrivalled location would be a key drawcard attracting buyers.
“This site’s close proximity to several high profile developments stamp it as the pre-eminent medical and technological precinct in the Adelaide CBD,” Mr Rundle said.
“With significant scope for commercial offices, accommodation, hospitality and residential uses, this is truly a unique offering that will form a central part of Adelaide’s evolving CBD,“There has been much speculation about the site in the past and now is the time to secure this opportunity.”
The property is being offered for sale by Expressions of Interest closing March 6 at 12.00pm.