Display home village site oozes potential

16 May 2018

The display home village site of Rivergum Homes in Adelaide’s south has come to market.

Savills Australia’s Steve Bobridge has been appointed to sell the 3,186sq m property at 120-126 Main South Road via private treaty.

Rivergum Homes is occupying the site on a short-term lease, which could potentially provide the prospective buyer holding income, depending on settlement.

“All improvements are owned by Rivergum Homes, with the sales office and individual display homes available for purchase separately from this offering,” Mr Bobridge said.

Mr Bobridge said they expected interest in the vicinity of $950,000, plus GST.

“This is an opportunity for a large commercial enterprise to get into Adelaide’s sought-after southern suburbs,” he said.

“There are several development possibilities, such as display yards, an office warehouse or medical rooms, subject to the necessary council approvals.”

The property has two titles and is zoned for Commercial-Corporation within the boundaries of the City of Onkaparinga.

“There is excellent exposure to Main South Road and rear access from Gates Road,” Mr Bobridge said.

The property is about 31 kilometres south of Adelaide’s CBD and surrounded by a mix of commercial and industrial properties.

120-126 Main Road South is for sale via private treaty.

 
 

Key Contacts

Steve Bobridge

Steve Bobridge

Director
Agency

Savills Adelaide

+61 (0) 8 8237 5015