288-292 Main North Road, Prospect, SA 5082

Hotel/Leisure | Development/Land | Retail

For Sale Contact Agent

  • Property ID: 393971
  • Floor Area: 4000m²
  • Land Area: 6100m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Urban Development Opportunity

Key Highlights
• Located approximately 6.5km north of the Adelaide CBD
• Currently successfully operating 42 key accommodation venue with full facilities including restaurant bar function room and swimming pool.
• Located on a high profile and central corner with street frontages within close proximity to major supermarkets eateries and fast food outlets
•Opportunity concept plans available to develop 100 room branded urban hotel (STCC)
• Significant branded operator interest
• Substantial land holding on approximately 4,345 plus additional land of 1,792sq m being total land holding of 6,137sq m on 7 titles
• Valuable holding income of $315,000pa plus GST and outgoings
• 5 year initial term from 2017 with 5 x 5 year rights of renewal
To invest in an existing accommodation facility in addition to proposed development plans and costings on the site currently known as the Sombrero Motel Prospect.
Interested parties are invited to contact the exclusive agent for more information on this exceptional opportunity being offered for sale by way of Expression of Interest.
First tenders close: Thursday 12th August 2021 4pm
For further details please contact exclusive sales agents,

Prospect Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $198 ---
Industrial --- $144 ---
Offices --- $766 ---
This is the average advertised price, rent and yield for Prospect, SA 5082*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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