20 Alpha RoadProspect SA 5082
Property Details for 20 Alpha Rd, Prospect
Last Listing description (July 2020)
Colliers International is proud to act as sole and exclusive agent for the freehold sale of 20 Alpha Road, Prospect, South Australia.
Operating as Kiandra Residential Care until recently, the property occupies an outstanding, premium land holding amongst Prospects most desirable residential properties in Adelaides highly desirable and cosmopolitan inner northern precinct. The property is offered with vacant possession and will appeal to operators seeking to reuse the significant and adaptable improvements for ongoing accommodation use and developers seeking to redevelop the site for premium residential development.
Occupying a significant 4,606 sqm* site, with 58.27 metre frontage to Alpha Road, the improvements comprise a well maintained single storey residential care facility that was fully operational until February 2020 which is configured to accommodate a combination of single and shared rooms (most with private or shared ensuites) for 50 residents, plus communal dining room and lounge, nurses stations, kitchen, laundry, extensive staff offices and meeting spaces, consulting rooms and clinical spaces, together with on-site loading and car parking spaces for staff and visitors. There is scope to reconstruct or reconfigure the property to increase the room yield, with the current owner having previously secured Planning Approval (now lapsed) to extend the facility.
The existing improvements provide scope for reuse as aged care or conversion into alternative use including supported and disability accommodation, boarding house, student housing, childcare or other accommodation forms. Alternatively, the size and locality of the property offers buyers the opportunity to undertake a full redevelopment of the site for high quality residential development, with the zoning supportive of more intensive development.
Inspections are strictly by appointment and are available via the selling agents.
*Approximately
Justin Hazell | 0414 232 022 | justin.hazell@colliers.com
Alistair Mackie | 0412 817 977 | alistair.mackie@colliers.com
Property History for 20 Alpha Rd, Prospect, SA 5082
- 15 Dec 2020Sold for $3,905,000
- 17 Feb 2020Listed for Sale Please contact agent
- 19 Nov 1998Sold for $1,100,000
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About Prospect 5082
The size of Prospect is approximately 5.0 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2016 was 13280 people. By 2021 the population was 14584 showing a population growth of 9.8% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation.In 2021, 62.80% of the homes in Prospect were owner-occupied compared with 65.10% in 2016.
Prospect has 7,123 properties. Over the last 5 years, Houses in Prospect have seen a 95.15% increase in median value, while Units have seen a 80.18% increase. As at 31 December 2025:
- The median value for Houses in Prospect is $1,539,077 while the median value for Units is $645,147.
- Houses have a median rent of $650 while Units have a median rent of $575.
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