Savills News

Prime Malvern retail building for sale by public auction

A commercial property in prestigious Malvern has come to market amid heightened investor and developer interest in mixed-use residential and retail development opportunities within Adelaide’s leafy inner suburbs. 

Savills Australia agents Steve Bobridge and Rob Williamson have been appointed to sell the property via Public Auction on September 20.

283-285 Unley Road is located 4 kilometres south of the Adelaide CBD, situated on a busy corner-allotment with expansive frontages on Unley Road and Marlborough Street, within close proximity to PR electrical and the Malvern 7 Day Shopping Centre.

The prime 1,824 square metre land holding is underpinned by current tenant Kidzone, providing a rental holding income.

The offering also features a large showroom/office in addition to the area previously occupied by Video Ezy, together with a small warehouse.

“The property is particularly attractive by virtue of its high profile location, abundant local amenity, and mixed-use Urban Corridor zoning,” said Mr Bobridge.

Mr Bobridge said the buyer will have a range of options including formalising the lease to the current tenant, and leasing out or occupying the additional areas and capitalising on rental income streams. “It can be transformed into a commercial and residential building on the ground level, with residential apartments of up to five levels (stc), so we’re expecting the auction to be highly competitive.”

The Public Auction will take place on-site at 283-285 Unley Road, Malvern, 11.30am 20 September.

Learn more about Savills Metropolitan & Regional Sales.

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