The Plympton parcel of land at 200-202 Anzac Highway is expected to be snapped up for an apartment complex. Picture: Supplied.
One of Adelaide’s busiest roads looks set for yet another high-rise apartment complex – almost a decade after failed plans to build a nine-storey tower at the same site drew criticism from locals.
A 1543sqm land parcel at 200-202 Anzac Highway, Plympton, hit the market last Friday and has already attracted strong interest from residential developers, said Raine and Horne Commercial and Business selling agent David Ente.
Planning regulations allow for the site to be redeveloped up to 32.5m, or eight-storeys, high, potentially allowing for about 80 residential apartments, Mr Ente said.
He said the property, which was purchased in 2021 by the owners of the veterinary clinic next door, was open to offers “north of $2.75m’’.
It is 1543sqm and planning regulations allow for developments up to eight-storeys high to be built there. Picture: Supplied.
Its location is expected to be a drawcard, being close to both the city and the sea. Picture: Supplied.
The land, originally earmarked for future expansion of the vet business but now no longer required, was ideally located for residential development, Mr Ente said.
“You’re halfway between the city and the beach and you have a bus stop right out the front,’’ he said.
“It’s a reasonable walk to the (closest) tram (stop) but it’s not too bad.
“There’s no demolition costs so that’s a bonus – it would cost probably $50,000 to knock (any pre-existing structures) over so that (money saved) pays a good chunk of (getting) your plans (drawn up and approved).
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“There’s water to (the site), there’s sewer to it – all that’s already there so, as a development site, it’s pretty much ready to go.’’
In 2018, prior to the current vendors purchasing the property, the State Planning Commission Assessment Panel approved a 32.7m-high, nine-storey apartment complex for the site, despite opposition from West Torrens Council, which argued the project was one-storey higher than zoning regulations permitted.
Artist’s impressions of the first apartments to be released to market in the $250m Forestville housing development, which is at the former Le Cornu site on Anzac Highway. Picture: Supplied by Buildtec.
Artist impression of the Forestville terrace homes that will be built in the $250m housing development at the former Le Cornu site on Anzac Highway. Picture: Renewal SA.
The approved plans, by Feasible Developments, had included 54 apartments, including eight one-bedroom units, as well as a car stacker parking system and ground floor retail.
Mr Ante said approval for that project had “well and truly lapsed … but those plans could probably be resurrected’’ if the new purchaser desired.
He believed several other high-rise buildings that were at, or near, Anzac Highway’s 32.5m-height limit were planned, or currently under construction.
Among them are the $250m housing and retail neighbourhood underway at Forestville’s former Le Cornu site.
That project will include 290 residential dwellings, most of which will be apartments spread across four towers spanning up to eight-storeys high.
– by Lauren Ahwan