Commercial property wrap

CLOVELLY PARK

Address: Tonsley Innovation District – 1284 South Rd

Type: Retail & hospitality for sale or lease

Agent: Colliers International – Alistair Mackie 0412 817 977, Jordan Schmidt 0403 422 762

INNOVATIVE hospitality operators are being sought by Renewal SA for the adaptive reuse of Boiler House at Tonsley.

With a projected on-site business population exceeding 6000 and an additional 8500 students, the Tonsley district has been designed to unite progressive individuals looking to collaborate and grow in a flexible environment, with a specific focus on the high-value manufacturing sector, according to Colliers International investment services director Alistair Mackie.

He said Boiler House was envisaged to be Tonsley Innovation District’s most popular meeting, entertainment and retail place, and a hospitality destination for the southern Adelaide region.

“We expect the Boiler House development to incorporate different hospitality elements, including food and beverage, restaurants and cafes, microbrewery, distillery, or other retail such as fresh food grocery,” he said.

Renewal SA development manager Daniel Redden said Boiler House would become one of the main social hubs of Tonsley and the local community, with easy access to public transport.

“Retaining the form of the Boiler House provides another opportunity to honour the industrial heritage of the site that created Tonsley’s iconic character,” he said.

Colliers retail leasing manager Jordan Schmidt said several enquiries had already been fielded.

Expressions of interest for sale, lease or joint venture close at 2pm on 11 December.

media_cameraBoiler House, Tonsley Innovation District

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CLARE

Address: Lot 1 Main North Rd

Type: Development/hotel/leisure

Agent: LJ Hooker Commercial Adelaide – Lyndon Cocks 0438 849 650, David Buenfeld 0416 045 675

A DEVELOPMENT opportunity with approvals is on offer on the main strip in Clare.

LJ Hooker Commercial Adelaide’s Lyndon Cocks said the former home of the Clare Lawn Tennis Club offered buyers the option of taking advantage of existing approvals or purchasing with vacant possession.

He said the property was the last significant piece of land available on Claire’s main street.

“The 7419sqm site is offered with a 15 + 10 +10 year lease commitment of the stage one portion of the site as a 33 room motel complex and concept plans for a stage two retail centre,” he said.

“This project is ripe for the picking for a developer keen to establish a major project in the Clare Valley.”

“We couldn’t be happier with the calibre of motel operator, Clare Country Club, and their confidence in the future of quality accommodation requirements for the region.”

“With such a strong anchor tenant for the front of the site, and stage two opportunities, whether they be retail, mixed use, or aged care facilities, the possibilities remain endless.”

Expressions of interest close on Thursday 7 December at 4pm.

media_cameraLot 1 Main North Rd, Clare

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PENOLA

Address: 21 Church St

Type: Hotel

Agent: Langfords Hotel Brokers – John Langford 0410 605 224

Heyward’s Royal Oak Hotel & Cellars is on the market as a freehold and business going concern in the historic south-east town of Penola.

Langfords Hotel Brokers’ John Langford said the hotel was first licensed in 1848, with the hotel’s main building completed in 1873.

“Penola is the centre of the famous Coonawarra wine region and where Mary MacKillop, Australia’s first saint, began the Sisters of St Joseph and her first school,” he said.

“The hotel has been owned and operated by the Heyward family for almost 80 years.”

“Built of local limestone it is an impressive building complete with arched windows, ornate cornices, fire-places, wrought iron balcony and viewing tower.”

The ground floor of the hotel comprises three bars with TAB, 16 gaming machines, dining room and beer garden.

The first floor consists of nine guest bedrooms and a 10-room owner residence. The second offers a penthouse apartment.

“In the grounds the stables have been converted and extended to house the bottle shop and cellars,” Mr Langford said.

“Owners John and Libby Heyward have operated the hotel together since 1988 although John took over management of the hotel in 1966 after his father died unexpectedly.”

Expressions of interest close on 30 November.

media_cameraRoyal Oak Hotel – 21 Church St, Penola

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WAYVILLE

Address: 22 Greenhill Rd

Type: Offices for sale

Agent: Colliers International – Alistair Mackie 0412 817 977, Paul van Reesema 0412 806 994

A MODERN two-level office building at Wayville is already generating strong interest from local investors seeking passive investment, according to the property’s selling agents.

The Greenhill Rd building is fully-leased to “Offices on the Park” for a 10-year term with two three-year extension options.

The lease attracts net income of approximately $322,000 with annual rent reviews fixed at 3.5 per cent.

Colliers International national director of investment services Alistair Mackie said the building had a 4.5 star NABERS energy rating and was located on a 1858sqm site with 34 undercover car parks at the rear of the property.

“22 Greenhill Rd represents an outstanding commercial investment opportunity, providing a

long term lease over the entire property to a long-established tenant,” he said.

“Prominently located on Greenhill Rd, the property offers 1263sqm of outstanding office accommodation over two levels which is disposed as professional serviced office suites, and is home to more than 40 businesses.”

“Offices On The Park have been running this successful business since 1993 and only recently relocated into 22 Greenhill Rd.

Expressions of interest close at 4pm on 23 November.

media_camera22 Greenhill Rd, Wayville

Originally published as Commercial property wrap



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