Prime development site at Adelaide ship-building hub sold for $1.2 million

10 May 2018

A large industrial site at Osborne’s ship-building hub has been sold to LMLL Pty Ltd for $1.2 million. Sold via private treaty, the 16,680 square metre lot attracted significant interest given its prime location, in the Supplier Precinct, at Techport Australia; home to Adelaide’s expanding maritime industry.

With over 100 metre frontage to Nelcebee Street, the lot is ideally positioned for business supporting the future naval shipbuilding and maintenance contracts.

Knight Frank’s Sales and Leasing Executive, Industrial, South Australia, Garry Partington, said the strong growth of Osbourne’s ship-building industry resulted in significant interest in the site. 
 
“The Government’s $50 billion submarine contract has injected new life into Adelaide’s ship-building industry, with hundreds of new jobs being created. We experienced very strong interest for the site due to the rapid expansion of the Techport precinct. The owner, TTPH Pty Ltd, is very happy with the outcome.”
 
1-5 Nelcebee Street is located on the north western corner of the Techport Precinct, approximately 20 kilometres northwest of the Adelaide CBD. 
 
Techport Australia is a hub for the naval industry with state-of-the-art ship-building facilities. Positioned for growth, Techport will be the location for the construction and maintenance of Australia's next-generation submarines and frigates.
 
 
END
 
 
For further information, please contact:
 
Rebecca Sands, Director, PR & Communications, Australia
 
Garry Partington, Sales and Leasing Executive, Industrial, South Australia Garry.Partington@au.knightfrrank.com +61 418 845 973
 
 
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 15,000 people across 418 offices in 60 markets. These figures include Newmark Grubb Knight Frank in the Americas, and Douglas Elliman Fine Homes in the USA. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. www.knightfrank.com.