Please contact Graeme Clark from Magain Real Estate for all your property advice.
Situated in arguably the best street in Kurralta Park, 7 & 9 Kimber Tce. at approx. 750m² each (total 1500m²) presents a prime opportunity for developers, investors, or land bankers.
The generous land size and favorable zoning offer potential for subdivision or redevelopment (subject to Council approval). Or buy now and sit on it collecting some rent for a few years while prices continue to increase as the suburb is redeveloped.
Property Features:
• Land Size: 2x750m² = 1500m² (approx.)
• Bedrooms: each with 3 spacious bedrooms
• Bathroom: No 7 has 2 bathrooms and No 9 with 1 bathroom
• Both tenanted until September this year.
• Current tenanted with rental income of $625pw (No7) and $695pw (No9)
With its substantial land size (1500m²) and 2 x 16m frontage (32m), these properties offers an excellent opportunity for subdivision and/or multi-dwelling development. (Perhaps 2 Torrens Titled and 3 Community has been suggested (subject to Council approval)).
Kurralta Park is renowned for its central position, providing easy access to the Adelaide CBD, Glenelg Beach, and major arterial roads. The suburb boasts a range of amenities, including Kurralta Central Shopping Centre, public transport options, and reputable schools such as Plympton International College and Warriappendi School. Additionally, the nearby West Torrens Dog Park and recreational facilities enhance the appeal of this location for potential resident.
Recent developments in the vicinity, including multi-townhouse projects, underscore the area's suitability for residential redevelopment. Properties in Kurralta Park have demonstrated strong market performance.
Whether you're an experienced developer or an investor looking to capitalize on Adelaide's evolving housing market, 7&9 Kimber Tce offers a compelling proposition. With its substantial land size, strategic location, and development potential, this property is poised to deliver significant returns.
Opportunities like this are scarce, so don't delay as they will sell fast.
CTs: No 7 5582/599 No 9 5749/435
Council rates: No 7 $1981pa No 9 $1981pa
Water and Sewer: $233.40 pa each
Rental income: No7 $625pw, No9 $695pw
Call me if you have any questions..
Disclaimer: All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified.
Magain Real Estate | RLA 222182
