62-70 Chapel Street, Thebarton, SA 5031

Thebarton is earmarked for substantial growth in the coming years with a recent change in zoning providing significant development uplift in the future. Mixed-use, residential, aged, care, commercial and industrial land uses are proposed, complementing the huge investment in major medical projects adjacent to the CBD and only a few minutes away.

 The property provides a significant future development opportunity in a thriving inner-city location. The land component measures some 2,368sqmm while the improvements are estimated to measure 2,034sqm.

The highly functional improvements are currently leased until February 2025 with 2x2 rights of renewal available.  A redevelopment clause enables new owners to consider alternate land uses while enjoying holding income.

The property is zoned Urban Corridor (Business) allowing for development up to 6 levels (24.5m).