McGees Property is pleased to present the freehold sale of 548 Portrush Road, Glen Osmond otherwise known as "Abergeldie House".

Positioned on an expansive 7,832 sqm* allotment with a 62 metre* frontage to Portrush Road, this property offers exceptional development potential up to 3 levels (STCC). Benefitting from recent upgrades, including a newly developed 4-storey, 209-space carpark and state-of-the-art function centre, the site is primed for future development or redevelopment.

Currently underpinned by a strong holding income from multiple commercial, retail, allied health, and recreational tenants, this property represents a rare opportunity for developers, investors, and owner-occupiers to unlock significant value in one of Adelaide's most prestigious suburbs.

Key Features:

- 7,832 sqm* allotment

- 62m* frontage to Portrush Road

- Development potential up to 3-levels (STCC)

- Strong holding income from multiple tenants of diverse uses, including commercial, retail, allied health and recreational facilities

- Tenants include State Swim, Anytime Fitness and multiple consulting tenancies

- Recently developed 4-storey, 209 space carpark facility and a state-of-the-art function centre

- Average daily traffic of 38,600* vehicles

- Three distinct facilities: the historic Glen Coola mansion, a contemporary Function Centre and a 4-storey carpark

- Stunning views of the Adelaide Plains, foothills, and coastline

- Close proximity to elite schools, major shopping outlets, key transport links and other amenities

- Zoned Community Facilities within the City of Burnside

- Ideal for developers, investors and owner occupiers

For sale via Expressions of Interest closing Wednesday 13th November 2024 at 4pm (ACST).

For further details or to arrange an inspection of 548 Portrush Road, Glen Osmond contact James Juers, Simon Lambert or Daniel Scinto of McGees Property (RLA 1722).

(* approx. Any outlines indicative only)

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