Presenting 1035 & 1037 North East Road a unique land holding of 1,784sqm & 36.5m frontage with planning consent granted for 8 brand new double story / double garage homes, situated within the rare Housing Diversity Neighbourhood (HDN) council zone. This project is primed for development with option of constructing the current approved plans OR build your own proposed project of up to 14 dwellings at a maximum of 3 levels high subject to local council consent.
Located only 500m from Westfield's Tea Tree Plaza the commercial & social hub of the North-eastern Suburbs and second largest Westfield in South Australia, this project is walking distance to cafes, restaurants, the o-bahn public transport system (express commute to the Adelaide CBD), Civic park, Modbury Hospital (1.9km), local schools & Water World aquatic centre in Ridgehaven.
Currently with 2 x Torrens Titled homes generating a combined rental income of $1,000 per week, each allotment is free of restrictive Easements with nil significant trees onsite.
A golden opportunity awaits within one of the most popular and family friendly areas in Adelaide, the North-Eastern suburbs offer convenience & class combined with strong community spirit. With the preliminary and time-consuming process of planning consent completed, don't miss the opportunity to purchase this dual land holding.
Specifications:
1035 & 1037 North East Rd - combined information:
Zoning: Housing diversity neighbourhood
Current rental income $1,000 p/w
Frontage: 36.5m
Depth: 48.77m
Total land: 1,784sqm
Easements: nil
1035 North East Rd.:
4 bed / 2 bath timber frame home
Torrens titled CT ref. 5502 / 795
Current rental income $550 p/w
End of fixed lease: May 26th 2026
Frontage: 18.29m
Depth: 48.77m
Total land: 904sqm
Year built: 1960
1037 North East Rd.:
2 bed / 1 bath solid brick home
Torrens titled CT ref. 6152 / 791
Current rental income $450 p/w
Periodic lease
Frontage: 18.29m
Depth: 48.77m
Total land: 880sqm
Year built: 1966
For all enquiries phone Scott Newton on 0427 265 012
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 | 330069
