Offering 1,838 square metres of land (2 allotments on 1 title) this would be the perfect spot to develop. Located only a few minutes walk to the CBD and ideally suited to develop several 2 storey townhouses to capture the views of Spencer Gulf and ranges. The property currently has 2 units 56A and 56B. 56A features a kitchen / dine, living area, 2 bedrooms, and tidy bathroom and laundry, split system to kitchen, wall air conditioner to one bedroom and ceiling fans throughout and shedding. 56A was most recently rented at $200 per week. The second unit, 56B unit requires completion and internal fitout. 56B has 2 under cover vehicle parking areas. The options are to complete the work required on 56B and rent both out, or rent out 56A until you are ready to develop the site. Being almost half an acre of land close to the CBD and the water make this a rare opportunity for developers!
Please note that it is up to the potential buyer to make their enquiries as to quotes, cost, planning approvals etc., etc., to complete 56B. We are not builders and will not provide any opinions as to the likely cost, time frame to complete the dwelling or the potential rental return.
Disclaimer: Please note that all the information that has been provided for this property has been obtained from sources we believe to be accurate. We cannot guarantee the information is accurate however and we accept no liability for any errors or omissions - including, but not limited to the property's land size, floor plans & dimensions, build size, building age, condition, the suitability of the area or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advice. RLA 216874
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