Auction Location: 460 Payneham Road, Glynde SA 5070

Offered for the first time in over 55 years, this tightly held property presents a rare and exceptional opportunity in one of Adelaide's most high-profile commercial precincts. Positioned on a commanding corner allotment and spread across two titles totaling approximately 774sqm, this site is bursting with potential for investors, developers, or owner-occupiers seeking high visibility and long-term upside.

Currently generating an impressive net income of approximately $42,677 per annum (exc Land Tax) plus GST, the property offers excellent cash flow while you plan for its future. Its high-exposure location-directly opposite Felixstow Shopping Centre-ensures strong daily traffic, further enhanced by the nearby multi-million dollar redevelopment of the Glynde Hotel.

Zoned for flexibility, the site offers a multitude of possibilities ranging from a substantial new private residence to a large-scale mixed-use commercial and residential development (subject to council approval). With its strategic location, dual titles, and surrounding investment activity, this is a rare and valuable proposition not to be missed.

Secure your position in this rapidly evolving precinct-contact us today to discuss further or to arrange a private inspection.

Open Inspections
Wednesday the 9th of July 11:30 - 12pm

Wednesday the 16th of July 11:30 - 12pm

Wednesday the 23rd of July 11:30 - 12pm

Thursday the 24th of July 11:30 - 12pm

Auction Thursday 24th of July at 12pm onsite

For further information contact Mario Bonomi on 0412 080 993 or Julian Rullo on 0407 846 417.

•••Please note all rates that are quoted are for financial year ending 2025•••

•• All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Should this property be scheduled for auction, the Vendor's Statement (Form 1) will be available at the LJ Hooker St Peters office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

RLA 231 015