Being offered to the market for the first time in 74 years, this extremely rare and exciting offering provides a multitude of possibilities. Situated on a whopping land size of 5889sqm and spread across 2 separate TITLEs, providing the perspective purchaser a chance to either purchase 1 of both sites. Positioned approximately 2kms to Grange Beach and 10kms to the Adelaide CBD, with Adelaide airport also just a short commute away.
With over 60m of Grange Road frontage, whether for investment or to completely redevelop the entire site STCC, don't miss your opportunity to secure this truly rare offering. The 10 units situated on Lot 3 are currently returning approximately $167,960 p.a.
Lot 3:
4003sqm parcel of land with a private driveway off Grange Road, also has potential for access off adjacent Willow Court STCC. Lot 3 Has the option to be purchased along with lot 1 offering up to 5889sqm of land, providing an excellent redevelopment opportunity that could service 3 access roads, and multiple new townhouse dwellings. Zoning is city of Charles Sturt Council policy area Residential 16/mid suburban.
Containing 10 individual solid brick 2 bedroom units. Spacious in size with a mixture of fully and partial renovated units. All the units feature a large private rear courtyard, lock up garage, 2 bedrooms, bathroom, laundry and open plan living. Currently returning $167,960p.a in rent with some good long term tenants.
Lot 1:
1886sqm parcel of land with 60.83m frontage to Grange Road features a Grand old home with approximately 325sqm of living area, with both street and side access. The home itself is impressive in scale and spread over 2 levels, featuring lovely mature gardens, fruit trees and multitude shedding/storage options. Zoning is city of Charles Sturt Council policy area Residential 16/mid suburban.
Within close proximity to some of Adelaide's best Beaches, Fulham Shopping precinct, public transport, great public and private schooling options and much more. Contact Agents to arrange a site inspection or for further information.
RLA183205
