Welcome to a unique investment opportunity! This property, with an average condition house built in 1973, is situated on a massive block spanning approximately 1045 sqm, boasting an impressive 18.3-meter frontage. Investors and developers, this is your golden ticket to seize a piece of prime real estate.
Key Features:
* Property Size: Approximately 1045 sqm of land with a wide frontage of about 18.3 meters.
* Zoning: General Neighborhood zoning, allowing for multi-dwelling development potential (Subject to Council Consents - STCC).
* Rental Income: The property is currently tenanted, yielding a consistent rental income of $390 per week.
* 3 Bedrooms: The house offers three bedrooms, providing comfortable living or rental space.
* Renovated Bathroom and Toilets: Modern updates to the bathroom and toilets add value to the property.
* Shed and Undercover Parking: A spacious shed and under-cover parking area secured by a roller door offer ample storage and parking solutions.
* Ideal Location: Located conveniently near major shopping centres, Lyell McEwin Hospital, the University of South Australia (just 15-20 minutes away), and easy access to the Northern Expressway.
This rare opportunity in the General Neighborhood zoning is your chance to create a lucrative development project or maintain a steady rental income. Properties of this magnitude, with excellent future growth potential, rarely come onto the market.
Don't miss this exceptional investment and development prospect. To arrange a viewing or join our upcoming open inspection, please get in touch with Kazim Khan at 0434 343 694. Your future in real estate awaits!
