1/195 OG Road - Fixed Tenancy | Ending 13 July 2026 | Rent is $450 per week
2/195 OG Road - Periodic Tenancy | Rent is $460 per week
3/195 OG Road - Periodic Tenancy | Rent is $400 per week
4/195 OG Road - Fixed Tenancy | Ending 6 July 2026 | Rent is $420 per week
5/195 OG Road - Periodic Tenancy | Rent is $420 per week
A truly rare and remarkable offering in one of the north-east's most connected corridors, 195 O.G. Road reveals an incredible investment opportunity packed with future potential. Set on a sweeping allotment and delivering outstanding footprint flexibility, this coveted address blends immediate income with exclusive development possibilities for those with vision and ambition.
Currently home to five well-maintained two-bedroom units, each enjoying reliable long-term tenancy, the site offers an attractive income stream from day one. Yet it's the favourable commercial and residential zoning that truly elevates this offering. Whether you're considering a stylish row of designer townhouses, a boutique mixed-use development with ground-floor retail, office or café space beneath modern residences, or an ambitious architectural project that reshapes the site entirely allowing up to a three or four level build (subject to planning consent), the scope here is as impressive as the location.
Capturing key positioning along this major thoroughfare linking the city with Adelaide's thriving inner-north and leafy eastern suburbs, the lifestyle and business appeal is undeniable. Moments from Marden Shopping Centre, the picturesque Linear Park trail and the vibrant dining and retail scene of The Parade Norwood, while Adelaide CBD sits just minutes away, this high-exposure, high-potential site delivers a blue-chip opportunity rarely seen on the market.
Features you'll love:
- Wonderfully maintained group of five, 2-bedroom units, all currently tenanted
- Immediate income return + stress-free strategic investment with inner north-east landholding
- Impressive redevelopment opportunity inviting a neat row stunning + stylish designer townhouses (subject to planning consent)
- Versatile zoning for mixed-use commercial ground floor office, retail or café spaces + residential living above (subject to planning consent)
- Council approved for three-level construction, possibly four-levels depending on site development use
Location highlights:
- Excellent inner-east positioning with wonderful access to the scenic Linear Park/River Torrens
- Footsteps from bus stops, as well as the Klemzig Interchange for hassle-free commutes to the CBD
- Around the corner from Marden Shopping Centre, busy Firle Plaza + iconic Parade Norwood for elite eastern lifestyle drawcards
- Just an 8-minute (4.5km) zip to Adelaide CBD
Specifications:
CT / 5561/383
Council / Norwood Payneham & St Peters
Zoning / HDN
Built / 1973
Land / 956m2 (approx)
Council Rates / $1,401.70pa per unit
Emergency Services Levy / $211.75pa
SA Water / $259.30pq
Estimated rental assessment / Written rental assessment can be provided upon request
Nearby Schools / Vale Park P.S, Felixstow P.S, Klemzig P.S, East Marden P.S, Trinity Gardens School, Charles Campbell College, Morialta Secondary College, Marryatville H.S
Disclaimer: 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 (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
