Land Size: 1,829 square metres (Approx. total across two titles). Current Return: $495 per week (Periodical Lease back by Vendors) $820,000 Best Offers NB: Next door is also FOR SALE by another Agent.
Capitlise on three Titles . Attention developers, builders, and tradespersons! This is the high-yield, massive-scale property you have been waiting for. Positioned on a commanding corner allotment spanning a staggering 1,829m², this unique offering already sits on two separate legal titles. Best of all, it comes with guaranteed, immediate cash flow.
The current vendors are ready to remain as tenants at $495 per week on a periodical lease, giving you a strong rental yield from day one while you finalize your plans, secure permits, or organize your build crew as well as creating fencing, changing location of the shed, whilst it's tenanted.
The house itself is as neat as a pin. Excluding carpets in main areas, you may also wish to upgrade the Kitchen and Bathroom, give it a fresh paint job, however, the price we have put on the House at $540,000 as a combined $270,000 for the Stirling Street, portion of the Separate Title will also allow you to improve the home, and on-sell .
Medium House price is $650,000 in Kapunda, capitalise on this to, if desired. BONUS $21,000 Solar and Batteries were recently upgraded on the property. The Ultimate Canvas for Developers & Builders
Multi-Unit Development (STCA): Think big and maximize your returns. Capitalize on the huge total footprint and dual-street corner exposure by executing a complete knockdown to unlock the site's true potential for a 3 to 4 allotment subdivision (Subject to Council Approval).
Build on the Second Title: Keep the existing solid 1985 brick home intact on the right for steady rental income, and immediately start construction on the completely vacant left-hand title. The corner positioning allows for a brand-new home with its own independent street frontage, private driveway, and separate utility meters. Plus there is added land not used, to both Titles you can create, shedding, OR Build a third home STCA.
No Heritage Overlays: Enjoy absolute freedom. With no restrictive heritage or character overlays to worry about, your demolition, architectural designs, and building processes remain completely uninhibited. The Perfect Setup for Tradespersons as an alternative to Development.
Looking for the ultimate work-from-home base or lifestyle property? Keep the existing home and utilize the massive, vacant second title to build the ultimate high-clearance workshop, shed, or depot. With independent corner street access, you have unlimited room to securely park trucks, excavators, caravans, and boats without ever impacting the main residence.
Whether you choose to hold, add an immediate second dwelling, or completely redevelop the entire 1,829m² into a multi-allotment project, this double-title corner block delivers the size, position, and versatility to ensure massive future rewards. The house:- Built in 1985, situated lengthways on Havelock Road, with ample room to the right to store a caravan/boat and or STCA garage.
The property offers 3 main bedrooms, separate dining room, spacious lounge room, good size kitchen with breakfast bar, of brick construction of 144m2 living area. There are roller shutters to two front windows, ceiling fans, r/c ducted, 24 solar panels plus battery, approx. 3.5w battery, securing cameras, floating floors to kitchen, sky light, pantry.
External bathroom, wc, laundry, large rear verandah, new fencing, 2 garden sheds. Ready for further renovations to reside or on-sell later. Opportunities of this scale with an immediate income stream are incredibly rare. Act fast to secure this premium Kapunda site!
RLA188483
*Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement. All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
