*Available individually or together with Allotment 2, 49 Adelaide Road, Gawler South* Positioned along Adelaide Road, one of Gawler's most prominent arterial corridors, this is a rare opportunity to secure a character-rich asset combining immediate income, planning approval, and longer-term strategic flexibility. The property comprises three self-contained units within an extended stone residence, currently fully leased and generating approximately $50,000 per annum. The mix of two one-bedroom units and one two-bedroom unit provides diversified income across multiple tenancies, reducing vacancy exposure and supporting consistent cash flow. Beyond its current residential use, the property benefits from an existing approval for tourist accommodation (DA 748/2003). The asset has previously operated in this capacity across all three units, achieving gross income of up to approximately $4,200 per week at peak operation. This establishes a proven alternative income pathway for buyers seeking to reposition or operate within the short-stay market (subject to required approvals and operational setup). Set on approximately 655sqm with strong frontage and exposure, the property occupies a highly visible position within a corridor characterised by a blend of residential housing and local business activity. The underlying landholding, combined with its exposure, supports future repositioning or redevelopment outcomes in line with planning guidelines (STCC). For those seeking scale, the opportunity expands materially with the ability to acquire the adjoining allotment. Combined, the two parcels create a 1175sqm corner holding, offering a footprint rarely available in this location and suitable for more considered development outcomes (STCC). This is an asset that performs today, while offering multiple pathways for future use. Title Ref: CT5963/980 Plan Parcel: D70323 A1 Street Name: ESTABLISHED NEIGHBOURHOOD Zone / Subzone EN - Established Neighbourhood Land Use 1411 - Single Storey Flats - House Converted To Flats All floorplans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate, and details intended to be relied upon should be independently verified. Magain Fielke Real Estate RLA | 332590
