Get ready for urban renewal with this timber framed home sited on a massive corner allotment of over 1081sqm (Approx). With over 55m of street frontage available (Approx.), this valuable land holding provides a unique opportunity for developers and investors to purchase now, demolish, take advantage of this panoramic street presence and build 3 new double garage homes.
The existing home is in fair condition and presents an opportunity to rent out now while you get the vital planning approval for your new development. The opportunity also exists to build one home at the rear of the allotment while still maintaining the existing timber frame home, ideal for those who want to tackle such a large development in stages.
A great location on a no through road, overlooking Enfield Tennis Club and adjacent reserve, will ensure that your new development will be attractive to potential purchasers. A usable 40+ metre frontage to Blyth Street and over 15m+ frontage to Branson Avenue offers a plethora of design possibilities, perfect for the developer with a creative architectural flair.
Only serious investors and developers need to look at this one as it will certainly attract a lot of attention. Put your thinking cap on and do the math, this one is a unique and rare opportunity seldom found in today's competitive market.
Briefly:
* Massive 1081m corner allotment (Approx.) with existing timber framed home
* Rare opportunity for astute investors and developers
* Over 55m of street frontage in total (Approx.)
* 40+ metre frontage to Blyth Street (Approx.)
* 15+ metre frontage to Branson Avenue (Approx.)
* Great location with the advantage of a no through road
* Existing timber framed home in fair condition
* 3 Bedrooms, all with built-in robes
* Generous lounge
* Eat in kitchen
* 2 Bathrooms
* Rent out now while you plan your new development
* Opportunity to build in stages
* Great location overlooking reserve
Centrally located near Enfield Primary School and with Enfield Tennis Club & Walker Court Reserve right across the road, along with Folland Park and Enfield Memorial Gardens a short stroll away.
Main North Road will provide public transport and shopping, along with Sefton Plaza, Regency Plaza and Northpark Shopping Centres. Enfield Primary School, CAFE Enfield Children's Centre and St Gabriel's School are only minutes away, with Hampstead Primary, Northfield Primary, Blair Athol North School and St Gabriel's Primary close by, perfect for the younger family and an attractive location for a saleable investment.
Vendors Statement: The vendor's statement may be inspected at 32 Halifax Street, Adelaide for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
RLA 27853
PROPERTY DETAILS:
Council | Port Adelaide Enfield
Zone | R - Residential64- Residential East
Land | 1090sqm (Approx.)
House | 157sqm (Approx. )
Council Rates | TBC
Water | TBC
ESL | TBC
