Located just a short walk from Victoria Square and Adelaide Central Market, the property sits in a thriving legal, government and hospitality precinct. It is surrounded by key institutions including the Supreme, District, Magistrates and Youth Courts of South Australia, and is steps away from popular cafes, eateries and the Prohibition Liquor Co.
“The area is a vibrant mix of residential, commercial and lifestyle offerings,” Mr Totani said. “Combine that with immediate tram access and proximity to major city destinations, and you have one of the most well-connected and versatile development sites on the market.”
The sale reflects a broader trend of renewed interest in centrally located, developable parcels of land in Adelaide’s CBD, particularly as planning certainty and transport infrastructure continue to improve.
“There’s a noticeable shift back toward CBD development now that cost pressures are easing and interest rates have stabilised,” Mr Dyson said. “Buyers are looking at sites like this with fresh eyes and renewed confidence.”
