On behalf of the University of Adelaide and their Transaction Manager, Realtycorp Property Solutions, Colliers International is privileged to offer for sale the University’s Thebarton Campus located in the inner metropolitan suburb of Thebarton, Adelaide.
The Thebarton Campus represents one of Adelaide’s most significant development and/or value-add investment opportunities with some 3.996 hectares (39,960 sqm) of land within 26 Certificates of Title and boasting some 22,463 square metres of accommodation across 28 buildings. The property is offered in four Superlots.
Superlot Site Areas
Superlot 1: 14,510 sqm
Superlot 2: 6,196 sqm
Superlot 3: 6,116 sqm
Superlot 4: 13,131 sqm
Total: 39,953 sqm
Thebarton Campus occupies a prime city fringe site located only three kilometres north-west of the CBD with frontages to River Torrens, Holland, Anderson, Winwood, Stirling, Reid and Queen Streets. The portfolio offers exceptional amenity with Port Road, the Western Parklands, the Tram line, Entertainment Centre and Links Golf Course in the immediate vicinity. To the west is the recently completed Brickworks Shopping Centre owned by Charter Hall, boasting a blue chip tenancy mix including Woolworths and Dan Murphy’s.
Town Planning: Recent changes to the Development Plan have seen the site re-zoned to a higher order use being Urban Corridor (Business Policy Area 37) which is a flexible zoning, encouraging mixed use medium and high density residential and compatible non-residential land uses oriented towards a high frequency public transport corridor.
At present the Thebarton Campus is occupied by multiple third party tenants, including the University of Adelaide for many of its faculties and records storage. The University will lease back various areas. The four Superlots are generating a combined gross income of some $2,043,000 p.a. as at May 2016.
Given the magnitude of the offering, its outstanding proximity to the CBD, 300 metre plus River Torrens reserve frontage, abundant amenity and favourable zoning, it represents a truly rare and highly desirable development and value-add investment opportunity and we strongly recommend it for your serious consideration.
The four Superlots comprise the Thebarton Campus and are offered for sale by Expressions of Interest either as a whole, individually or in groups. Expressions of Interest close 4.00pm (CST) Thursday 14 July 2016.
For further information please contact one of the Colliers International team.
