Sensational-Adelaide.com

Reb-L wrote:Anybody know what's happening here? Fenced off, lots of shipping containers and the (few) people there say it's a construction site but not much more. Some kind of temporary storage area for upcoming events?

Reb-L wrote:Anybody know what's happening here? Fenced off, lots of shipping containers and the (few) people there say it's a construction site but not much more. Some kind of temporary storage area for upcoming events?

The former bus station site will be transformed into a new hub for this years Adelaide Fringe

Adelaide's best CBD development site

The Precinct has been extensively master planned to deliver a high density urban living hub. Two high quality developments comprising 322 apartments are complete; Altitude Apartments and The Gallery with total sales exceeding $140 million.

The balance of the site encompassing approximately 5,638 square metres is offered for sale creating a sensational opportunity for high density residential development, student accommodation, short term visitor accommodation and intensive accommodation for retirement living, possibly incorporating aged care.

The Precinct is located in the burgeoning west end of the Adelaide central business district and is surrounded by approximately $3.5bn of public and private infrastructure investment including the new Royal Adelaide Hospital (RAH), SA Health and Medical Research Institute (SAHMRI), Adelaide University School of Medicine and Nursing, University of South Australia and SA Pathology’s Centre for Cancer Biology. Collectively these developments will form the largest health and biomedical research precinct in the southern hemisphere.

With strong, proven sales history, existing display centre on site, a key CBD location and substantial opportunity for further development, The Precinct is Adelaide’s best high density residential development site.

• Comprehensively master planned development site of 5,638sqm*
• Potential for 560 apartments across 42,570sqm* of gross floor area in multiple stages (STNC)
• “Catalyst site” with no prescribed height limits (STNC)
• Over 320 apartments sold in the first two stages
• Sensational Adelaide CBD location – close to Chinatown, Central Market, restaurants of Gouger Street, University West End Precinct and new Royal Adelaide Hospital
• Holding income potential from existing buildings (STNC)

*Approx

For Sale by Expressions of Interest closing 4pm Thursday 8 May 2014

Sensational Adelaide CBD location

mgb wrote:It seems as well as selling this site the council is also selling the old bus depot. (reported in todays paper)

Hopefully these locations are purchased by someone with some new ideas and designs that actually get off the ground. Having these derelict sites in a central part of the city is not a good look.

Dondude wrote:

mgb wrote:It seems as well as selling this site the council is also selling the old bus depot. (reported in todays paper)

Hopefully these locations are purchased by someone with some new ideas and designs that actually get off the ground. Having these derelict sites in a central part of the city is not a good look.

Any link for council selling the old bus depot please?

Waewick wrote:The probkem is, that there isn't too many Developers in Adelaide with the financial capacity to complete a development of this size.

We are going to need a interstate developer or some sort of JV between govt and private sector.

ml69 wrote:

Waewick wrote:The probkem is, that there isn't too many Developers in Adelaide with the financial capacity to complete a development of this size.

We are going to need a interstate developer or some sort of JV between govt and private sector.

Or a Chinese developer .... a likely possibility.

mshagg wrote:So what is one supposed to do with a 3 year lease at this site?

http://www.commercialrealestate.com.au/ ... ulky-goods

Perhaps we'll be blessed with another showroom for bankrupt piano stores, or a junkyard for developers to leave their mess on?