Outstanding Development Opportunity!
Perfectly positioned 5km’s from the Adelaide CBD*, in a prime Urban Corridor Zoning area (Boulevard Policy) within the Prospect Council Area, lies this corner block location, immediately adjacent picturesque Charles Cane Reserve.
Offering 632sqm* of land and with over 28m* facing the reserve, an outstanding opportunity presents to consider construction of a high quality building. With potential to go to 5 stories, this site allows for a higher yield outcome than some nearby sites.
Considering recent premium sale prices for apartments in the adjacent precinct, this is certainly one worth doing due diligence on!
There is currently a neat 3 bedroom, 1950’s built solid brick home onsite which is leased to a quality tenant.
Call Paul McIntosh on 0447 555 870 for a discussion and to obtain more detailed information on the site and/or in relation to the lease.
Key Details:
- 632sqm corner block
- Urban Corridor Zoning
- Boulevard Policy Area
- Prospect Council area
- 5 storey potential (subject to consents)
- 3 bedroom solid brick home (to remain onsite at settlement)
- Opposite green reserve
- Excellent location close to shops, train station and public transport, schools and vibrant Prospect Village and all facilities
- 5km’s from Adelaide CBD
- No easements
- Adelaide Botanic and Adelaide High School Zoning
* All drawings are for illustration purposes only and are not council approved or to be relied upon. Buyers are required to make their own enquiries
* All mention of development potential for the site is subject to necessary consents
* Internal and external photos of the property are prior to the current lease
* Approximate
All information provided has been obtained from sources we believe to be accurate, however, we cannot provide any guarantee and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
Looking to purchase this property as an investment? Speak to our Property Management team to see how we can assist.
RLA 313174
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