The wealthy Roche family is parting ways with 12ha of oceanfront land at the southern tip of Hallett Cove as part of an ongoing sell-off from the family’s property empire.
The landholding, on Burlington Rd, comes with approvals for 169 residential allotments ranging in size from 194sq m to 1012sq m, plus two “super lots” for higher density housing and public reserve space.
MORE: Inside the Roche family’s mega wealth
It is bounded by Burlington Rd to the north and Sigma Rd to the south, just north of the Adelaide Desalination Plant.
Selling agent James Juers from McGees Property described it as “one of the most exciting residential development opportunities in Adelaide”.
“This is simply an unrepeatable opportunity,” he said.
The site is located at the southern tip of Hallett Cove. Picture: Supplied by McGees Property
“There’s nothing else like it available, and nothing like it offered to the market in the last 10 years.
“Elevated to capture breathtaking coastal views, this shovel-ready site with favourable zoning offers a once-in-a-generation opportunity to deliver a flagship community in one of Adelaide’s most desirable southern locations.”
John Roche was Lord Mayor of Adelaide from 1975 to 1977.
Twins Airlie and Alexandra Roche Hamilton. Picture: Instagram
Mr Juers said the site connected directly to the Hallett Cove Headland Reserve and the coastal walkway, and would be suitable for residential development, a land lease community development or lifestyle village.
Late SA art collector David Roche’s legacy was preserved by the David Roche Foundation, with an art museum in North Adelaide.
“It’s also in close proximity to Adelaide’s southern suburbs, the major service centre of Hallett Cove Shopping Centre, and the state’s beautiful McLaren Vale wine region, offering quality retail and hospitality options.”
Expressions of interest in the property close on March 12.
The Roche family – one of the state’s wealthiest families – has been selling down its expansive property empire in recent years, including the $10.85m disposal of a heritage-listed Rundle Mall building late last year, which followed the $28.2m sale of a 33.3ha landholding at Encounter Bay.
The family is also looking to sell off the historic Gawler Chambers building on North Tce in the city as part of a restructuring of the family’s property portfolio.
– by Giuseppe Tauriello
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