This is a fantastic opportunity for savvy investors and property developers. This well-maintained Sturt property features two maisonettes/homettes on one title and is zoned Urban Renewal Neighbourhood, giving you endless options to explore the development potential (STCC).
The property is Torrens titled, with a generous 700sqm (approx.) land size and a 27m frontage (approx.). Each maisonette has a separate entrance, kitchen and meals area, a separate lounge space, as well as three good-sized bedrooms, a bathroom and a laundry room, offering great potential for rental income. There is a garage and carport for vehicles, as well as a fully fenced low-maintenance backyard.
You could rent out the homes and start seeing a return on your investment from day one, or you could develop the block into a modern masterpiece. The sought-after location is moments from Westminster School, Westfield Marion, the Marion Train Station, Flinders University and Medical Centre and Marion Aquatic centre, as well as bus stops, parks and schools. You can be at the beach in 10 minutes, and those who commute to the CBD can be there in under 20 minutes. Don't miss out on the chance to secure this fantastic investment opportunity in a great location.
- Two properties on the one title
- Torrens titled
- Zoned Urban Renewal Neighbourhood
- Investment opportunity
- 700sqm (approx.)
- 27m frontage (approx.)
- Each maisonette equipped with three bedrooms & 1 bathroom
- Development potential (STCC)
- Nearby Westminster School
- Great location, close to Westfield Marion, Marion Aquatic and Marion Train Station
- 10 minutes to Flinders Medical Centre and University
Auction: In-room at 734 Anzac Highway, Glenelg on Thursday, 1st June at 6:30pm (unless sold prior)
Any offers submitted prior to the auction will still be under auction conditions. It is the purchaser's responsibility to seek their own legal advice and a Form 3 Cooling-Off Waiver.
PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a printout of recent local sales to help you in your value research.
The vendor's statement may be inspected at 411 Brighton Road, Brighton, SA, 5048 for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it commences.
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions.
