New homes earmarked for landmark Flagstaff Hill site

A landmark mixed-use development site in Adelaide’s Flagstaff Hill has hit the market. Picture: Supplied.

---

New homes and shops could soon be built on a landmark Flagstaff Hill site that has hit the market, as development sites like it become “increasingly scarce”.

The 5.24ha Flagstaff Village landholding is one of the last remaining englobo – large, underdeveloped land parcels zoned for future subdivision into smaller lots – development opportunities of its scale along Adelaide’s rapidly expanding southern growth corridor.

Elevated and near the intersection of Flagstaff and Black roads, the site is within 30 minutes of the CBD via the Southern Expressway and South Rd.

The site spans six titles and is zoned for residential, retail and commercial use. Picture: Supplied.

---

JLL managing director Ben Parkinson said it was a rare opportunity to build a mixed-used destination within a well-established residential area.

“Opportunities of this scale in established metropolitan locations are becoming increasingly scarce,” Mr Parkinson said.

“Flagstaff Village provides developers with the ability to create a vibrant mixed-use precinct that could become a new commercial and social hub for the surrounding community.”

MORE NEWS

“The House of Sh*t”: Aus comedian shares rental pain

Senator sells home he promised wife

SA’s ‘stay-put’ mindset – and its $500k price tag

The site spans six titles and is zoned for residential, retail and commercial use.

JLL’s Jack O’Leary said increasing developer interest in Adelaide’s growth corridors made it attractive.

“Southern Adelaide continues to experience strong residential expansion supported by infrastructure investment and population growth,” Mr O’Leary said.

“With limited large-scale development sites remaining in established suburbs, we expect strong interest from developers seeking to deliver mixed-use communities in well-connected locations.”

With demand for housing already high, an expected rise in highly skilled labour workers migrating to the city combined with a tight residential market where the rental vacancy rate has been below 1 per cent since mid-2020 is tipped to further increase it.

Expressions of interest for the site close at 4pm on April 29.