Media release - 18 April, 2016
A private developer has secured the former Underdale & Airport Bowling Club site in Adelaide for $2.975 million.
“The property is located at 189 Holbrooks Road, Underdale, and was sold by Expression of Interest to a private developer, who plans to convert the site into a retirement village,” said selling agent David Ente, Director of Raine & Horne Commercial SA.
The Underdale & Airport Bowling Club was established after the First World War when members were gifted land by a local winery.
The property came onto the market recently as a result of the merger between The Underdale & Airport Bowling Club and nearby Hindmarsh Bowling Club. The merged club is now known as Torrensville Bowling Club.
“The Underdale site is now surplus to the merged club’s requirements, but unlike the famous movie Crackerjack, starring Mick Molloy, which tackled bowling club closures, Torrensville Bowling Club will use the sale proceeds to build Adelaide’s first all-weather green at its Torrensville site,” said Mr Ente.
“The Underdale property could also have been utilised for an aged care facility or childcare centre subject to the usual consents.”
The property represents a generational opportunity to purchase development land perfectly located between the Adelaide CBD and the beach. It is also minutes to the Adelaide CBD, the airport and major shopping precincts.
“The site also has access to Norman Street and it is between Henley Beach and Grange Road. Underdale is serviced by bus, which can move commuters quickly to the CBD and the nearby beaches. It is a well-established area with a mix of new developments and period homes.”
The existing clubrooms are approximately 485 square metres and the former bowling club is within the City of West Torrens and is zoned as Residential Policy Area 21.
For more information about this sale, or commercial real estate sales and leasing opportunities in Adelaide, contact Raine & Horne South Australia on 08 8172 1266.
For further media information contact:
David Ente, Director, Raine & Horne Commercial South Australia on 0412 127 653
Andrew Harrington, National Communications Manager, Raine & Horne on 02 9258 5400
Raine & Horne Commercial knows local and regional property markets intimately, with the support and systems of a long-established national and international property group. Our clients benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.