Strategic industrial landholding in Adelaide’s north offered to the market

Adelaide, Australia – A significant industrial landholding in Adelaide’s established northern logistics corridor is up for sale, offering investors, owner-occupiers and developers a highly versatile acquisition opportunity.

The 3,634sq m site at 70–76 Magazine Road in Dry Creek is a substantial landholding with 831sq m of warehouse and office space of Colorbond and iron construction with generous internal clearance and three-phase power.

It is currently leased to long-time occupier Leased to Wildcat Diesel until at least July next year – with options after that time - with a net income of $97,718.40 per year plus outgoings.

With low site coverage of approximately 23%, the property has significant value-add potential with the surplus land providing future flexibility.

70–76 Magazine Road is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Chet Al, Chris Clemente and Harrison Grice.

Mr Al said the property offered a valuable opportunity for occupiers or investors seeking scale, functionality and long-term flexibility in a strategic logistics location.

“It currently offers secure rental income with a long-term tenant in place, but the site is currently significantly underutilised, offering genuine scope to reconfigure or redevelop for a range of uses,” he said.

“We expect it will appeal to a wide range of buyers, given the potential for a multitude of outcomes and Adelaide’s resilient industrial market fundamentals.”

Mr Clemente said Dry Creek continued to be a sought-after industrial destination due to its excellent connectivity to major transport infrastructure including key freight routes and the Northern Connector.

“The precinct is home to established operators and benefits from transport links, local services and a central position with the northern industrial corridor.”

Other major logistics occupiers in the area include Hitachi, Globa Air, McEvoy Transport and Pedemonts.

The Expressions of Interest campaign for the property will close at 4pm (ACST) on Thursday, June 18. View the property. 

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For further information, please contact:
Vanessa De Groot – Marketing & Communications, Knight Frank
vanessa.degroot@au.knightfrank.com +61 410 460211

Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, the Knight Frank network has 600+ offices across more than 50 territories and more than 20,000 people. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Firm, please visit www.knightfrank.com.