Adelaide’s premium facility at 16 Ridley Street, Hindmarsh has been snatched up under the hammer at Auction. Colliers Adelaide Industrial & Logistics experts Paul Tierney National Director and Luke Brown Executive have successfully sold the site for $1.85 million.

“The A-grade office/warehouse offered a 427m² building area, situated on a corner allotment of 640m².” Said Paul Tierney, National Director, Industrial & Logistics | Adelaide.

A tilt-up concrete construction, the property offers a large reception and display area, office, lunchroom, and amenities on the ground floor. It further boasts a clear span warehouse area accessed via a large, automated roller door, dedicated secure on-site parks and a concrete sealed loading area. 

Colliers Industrial & Logistics Adelaide experts were engaged by the owner to sell the asset on their behalf.

The team strategically positioned the site ensuring they spotlighted the various features it provided. “The property initiated significant interest from a market starved of quality opportunities like this one.” mentioned Luke Brown, Executive, Industrial & Logistics | Adelaide.

With over 75 parties showing interest across the course of the campaign this garnered significant attention which achieved a highly successful result on auction day for the vendor. 

The location of the property further added to the appeal and interest the campaign attracted, being five kilometres west of Adelaide CBD.

Hindmarsh presented a highly desirable suburb, providing convenient access to nearby major arterial road networks including South Road and Port Road.

“Jonathan Moore from Moore Auctions conducted a straightforward auction, that achieved a successful result for all parties.” mentioned Mr Tierney. 

“We would like to congratulate the vendor and purchaser for entrusting Colliers in the process and allowing us to assist in achieving a successful outcome for all.” said Mr Brown.

This clear span warehouse garnered significant interest, as a result of the A-grade appeal it provided and ideal location it offered, inline with the needs of those in a market starved of quality stock. The strong activity of the campaign and favorable result achieved, further demonstrates the demand for these types of assets within Adelaide. 

Whether you are looking to occupy or invest Colliers Industrial & Logistics Adelaide experts are across the opportunities in the market and how to find a suitable space aligned to your business requirements. 

To find out more about the Hindmarsh market, or other markets across South Australia reach out to Colliers Industrial &Logistics sales and leasing experts.