Situated on a commanding 832m2 corner allotment, this property represents a rare and lucrative opportunity to secure a significant footprint in one of Adelaide's most sought after inner northern suburbs. With an extensive frontage of approximately 44.2 metres to Prospect Road and additional access via Regency Road, the site offers high exposure visibility and incredible flexibility for a landmark project. Surrounded by successful recent apartment and townhouse developments, this is a prime canvas for those looking to build a high density group and capitalise on the area's consistent capital growth.
The existing residence is a substantial six bedroom home that is currently tenanted, providing immediate and reliable rental income. This unique feature offers the ultimate safety net for savvy investors and developers, allowing for a steady cash flow while navigating the planning and approval stages for a future project. Whether you are looking to land bank for the future or jump straight into a multi dwelling subdivision, the existing infrastructure ensures your investment starts working for you from day one.
The location is truly second to none, placing you at the heart of a vibrant urban lifestyle that continues to attract a high calibre demographic. Residents will enjoy being moments away from the eclectic Prospect Road precinct, renowned for its boutique cinema, trendy cafes, and award winning restaurants. The convenience of being so close to the Adelaide CBD, combined with the proximity to major retail hubs like the Churchill Centre, makes this an exceptionally desirable pocket for future residents and tenants alike.
Strategic buyers will recognise the immense value in the zoning and exposure this corner site provides. With the North South Motorway easily accessible and the property positioned within the highly coveted zones for Adelaide High and Adelaide Botanic High Schools, the foundations for a successful development are already in place. This is a blue chip opportunity to contribute to the evolving skyline of Prospect and secure a high profile asset that promises long term rewards.
Key features:
• Large corner allotment of approximately 832m2
• Extensive 44.2m frontage to Prospect Road
• Six spacious bedrooms within the existing residence
• Currently tenanted providing immediate rental return
• Central kitchen with functional layout and appliances
• Original bathroom facilities and multiple living zones
• High visibility signage opportunities for commercial minded buyers
• Expansive backyard and outdoor space
• Strategic dual street access from Regency Road and Prospect Road
• Prime candidate for subdivision or multi level development (STCC)
Prospect is widely regarded as one of Adelaide's most popular city-fringe suburbs, offering a perfect blend of historic charm and modern convenience. The area is famous for its lively Prospect Road strip, which features the Palace Nova Cinema and a diverse range of eateries and bars. Families are drawn to the area for its excellent education options, including zoning for Adelaide High and Adelaide Botanic High Schools. With the Churchill Centre nearby for all major shopping needs and easy access to public transport for a quick commute to the CBD, Prospect remains a top-tier choice for residents and investors.
Want to find out where your property sits within the market? Have one of our agents come out and provide you with a free market update on your home or investment! Call Simon Beshara or click on the following link https://harcourts.net/au/office/port-adelaide-largs-bay/sales-appraisal
RLA 302788
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
