SOLD - ADELAIDE'S BEST DEVELOPMENT OPPORTUNITY
McGees Property are proud to present for sale in North Adelaide, a 1.9ha City Living zoned site, offered in 12 flexible parcels, positioned in the epicentre of one of Adelaide’s most prestigious residential precincts. With extensive frontages to Jeffcott Street, Ward Street, Archer Street and Wellington Square, the possibilities are endless.
This is a once in a generation opportunity to acquire a landmark holding with significant mixed use and future development potential. The site has been associated with education uses since 1854 and the early days of South Australia.
The Jeffcott/Archer/Ward/Wellington Square site is 1.9ha, zoned “City Living – medium to high density mixed use residential” and consists of 16 individual titles with the ability to be purchased as up to twelve separate parcels.
Overlooking the Adelaide CBD, this iconic site is within walking distance to all major landmarks including Adelaide Oval, the River Torrens, Adelaide Festival Theatre, Adelaide Convention Centre, North Adelaide Golf Club, The Royal Adelaide Hospital and the Adelaide Railway Station.
The current Median sale price for North Adelaide is $1.4M. Boasting beautiful tree-lined streets, boutique cafes and historic, Victorian style homes, North Adelaide is one of SA’s most prestigious suburbs.
The forecasted population growth rate for the City of Adelaide is approximately 1.4% per annum, with the population forecast to increase by 10,580 persons (41.52% growth) by 2046.
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