Positioned in a highly convenient pocket of Morphett Vale, this outstanding off market opportunity presents immediate rental income, future development potential and long term growth prospects, making it an attractive addition to any investor or developer's portfolio.
Set on a generous allotment of approximately 709sqm, the property offers exciting potential for further development, with the possibility of accommodating up to three dwellings (subject to all necessary council approvals and consents). Whether you're looking to landbank, develop in the future or secure a quality investment with strong holding income, this property delivers flexibility and opportunity.
Currently leased to a wonderful tenant until 2027, returning $650 per week, investors can enjoy immediate rental income while planning for the future.
The existing home is well presented and offers comfortable accommodation, featuring three generous bedrooms, including built in robes to two bedrooms, multiple living areas and an updated modern bathroom. Outside, the spacious rear yard is complemented by a decking area and pergola, creating an inviting space for entertaining and outdoor enjoyment.
Conveniently located just moments from Southgate Shopping Centre, local schools, public transport and only minutes from the Southern Expressway, the property provides easy access to both the Adelaide CBD and the Fleurieu Peninsula.
Features You'll Love:
Approx. 709sqm allotmentPotential for up to 3 dwellings (STCC)Excellent development or landbanking opportunitySecure rental income of $650 per weekQuality tenant in place until 2027Three generous bedroomsBuilt in robes to two bedroomsMultiple living areasUpdated modern bathroomLarge rear yard with decking and pergolaClose to shopping, schools and transportEasy access to the Southern Expressway
Opportunities combining strong rental returns, future development potential and a sought after location are increasingly difficult to find. Secure this exceptional off market opportunity and unlock the possibilities.
For more information, please contact Kazim Khan on 0434 343 694 or email: kazim@c21khanrealty.com.au
Disclaimer: The information or materials provided are sourced from third parties, and therefore, we cannot ensure their accuracy. Khan Realty Pty Ltd bears no responsibility for any inaccuracies or omissions, such as errors in property floor plans, land size, building condition, or age. Prospective buyers are encouraged to conduct their own investigations and seek professional guidance.
