Cancer Council SA puts surplus real estate on the market

Cancer Council SA has started work on a new $30m facility on Greenhill Road, resulting in two surplus city fringe sites being offered to the market.

Cancer Council SA is looking to offload surplus real estate after construction began on its new $30.3m headquarters and accommodation lodge.

The organisation is building a new facility on a portion of its expansive site on Greenhill Road at Eastwood, while the undeveloped section has been put on the market. Colliers is handling the sale process.

A second facility on Dequetteville Terrace at Kent Town – Flinders Lodge – is also being sold. It is a 66-room accommodation complex overlooking the eastern parklands.

Cancer Council SA chief executive Lincoln Size said proceeds from the sale of the two sites, which have served the organisation for more than 30 years, would go towards the new integrated facility.

This will include 120 rooms for regional and remote South Australians travelling to Adelaide for cancer treatment.

Artist’s impression of Cancer Council SA’s new $30m development on Greenhill Road. Supplied by Cancer Council SA

“It’s through the sale of our existing assets, combined with a $10m grant from the State Government and generous support from the SA community, that we are able to fund this project,” he said.

“Combining cancer research, prevention, information and support services alongside a new benchmark 120-room supportive accommodation facility, the new building will be the state’s home for all South Australians impacted by cancer, giving every person every chance to survive a cancer diagnosis.”

Colliers has been appointed to sell the two sites, which will be leased back to Cancer Council SA for 14 to 18 months.

Colliers associate director Jordan Schmidt said the sites were “two of the best development or repositioning opportunities to hit the market in recent times”.

Aerial view of 26-27 Dequetteville Terrace, Kent Town. Supplied by Colliers

The Kent Town site comprises almost 4000sq m of land, while the Eastwood property covers more than 5000sq m.

“The size and configuration of the sites, their significant frontage, favourable zoning and parkland frontage provides developers with wide ranging development opportunities,” Mr Schmidt said.

“The properties will appeal to a wide-ranging group of developer and owner-occupier purchaser groups, including residential developers, vertical retirement and aged-care providers, commercial developers and investors, mixed-use developers and various accommodation groups that may look to reposition and reuse the improvements.”

Aerial view of 204 Greenhill Road, Eastwood. Supplied by Colliers

The government’s $10m will go towards the new headquarters and accommodation lodge, which is expected to create 160 jobs, including 83 during construction.

It will be the home of Cancer Council SA’s new headquarters for its support and information services, counselling services, prevention activities, intervention programs and behavioural-research team.

Local building company Sarah Constructions recently began work on the project which is expected to take about 14 months to complete.

Expressions of interest in the two Cancer Council SA sites close on May 6.