A prime development opportunity in Adelaide's CBD fringe suburb of Parkside is being brought to market by Colliers agents Jordan Schmidt, Alistair Mackie and Rhys Newman.

Located at 12-16 Glen Osmond Road, Parkside, the landholding spans approximately 4,084 sqm and features two key structures - a two-level office building of 384 sqm with 22 dedicated car parks and a solar system, which is currently vacant, and a 2,208 sqm industrial-grade processing facility with ancillary hardstand and car parking that is leased until June 2025. 

Jordan Schmidt, Head of Investment Services | South Australia, commented, "This is a unique opportunity to acquire a substantial landholding in a prime location with significant redevelopment potential."

"The property benefits from dual access, with a high-profile 84-metre frontage on Glen Osmond Road and rear access from Chinner Avenue. Positioned in the affluent and tightly held CBD fringe suburb of Parkside, offering a rare opportunity for redevelopment in one of Adelaide's most sought-after locations." 

The landholding is spread across three Certificates of Title, providing flexibility for a range of potential development and owner-occupier outcomes (subject to necessary consents) sitting within a favourable Urban Corridor (Boulevard), allowing for multi-level high-density development (subject to council approval) of up to five levels. 

Recent private sector investments in the area include the new Bridgestone SA Headquarters, Cancer Council Lodge, Eastwood Private Hospital (under construction), a $300 million redevelopment of Burnside Village Shopping Centre, and a recently lodged application for a nine-storey build-to-rent project at 217-218 Greenhill Road. 

"The asset is located just 1km from the Adelaide CBD and benefits from excellent connectivity to major surrounding roads, including Greenhill Road and Glen Osmond Road, offering great exposure and accessibility from the surrounding suburbs," added Rhys Newman, Associate Director, South Australia | Investment Services. 

“We are expecting the properties to be of particular interest to developers and occupiers being attracted by the unique value-add potential and zero stamp duty.”

The properties are being offered for sale in one line or individually through Expressions of Interest, closing at 3pm (ACDT) on Thursday, 27th March 2025.