An exciting opportunity arrives on the market for the savvy investor looking to lock in a rare future high yield investment opportunity (Subject to Planning Consents) in Virginia's fast-expanding residential pocket.
The total offering comprises three adjacent lots; two vacant blocks and a tenanted property on the third, creating immediate holding income while you explore the overall site's commercial development potential - or plan for two more residential dwellings (STPC).
The tenanted property on offer is a four-bedroom, 1.5 bathroom home on a generous 1123sqm approx. allotment with open plan living, verandahs to front and rear, a carport for three cars, and a garage for four. The home is currently leased at $700 per week until 31 May 2027, providing secure holding income while future development plans are explored.
On offer:
Lot 19 – 33 Odgers Road – Vacant 1118sqm approx. block
Lot 20 – 20 Oloughlin Road – Vacant 1123sqm approx. allotment
Lot 21 – 7 Oloughlin Road - Tenanted C.1985 four-bedroom home on 1123sqm approx.
With the residential explosion of master planned Riverlea Park, Virginia Grove and upcoming Edinburgh Parks neighbourhoods, Virginia presents as a prime location to provide essential amenities.
Concept plans are available for a proposed childcare centre to provide approx. 114 highly valuable placements in a suburban area where the childcare demand imbalance has colloquially become known as 'The Virginia Childcare Desert'.
Half the work has been done for you. Don't miss out on this lucrative opportunity to seek approvals for development and secure high yield investment opportunity in a premier South Australian growth corridor.
Features to note:
• Highly practical corner site
• Concept plans available for Childcare Centre with 114 seats, 7 rooms and 29 car spaces
• Lucrative opportunity to seek approvals for development and secure high yield investment opportunity in premier South Australian growth corridor
Location:
• Less than 1km to Virginia Grove's master-planned neigbourhood
• Walking distance to central Virginia including Virginia Shopping Centre's Woolworths, takeaway options and V Hotel
• Around the corner from Virginia Sports Oval, Athletic Field and Virginia Primary School
• 28km to the Adelaide CBD
Method of Sale:
• For sale by 'Best Offer' by Monday 24th August at 7:00PM.
Purchaser Portal:
• Our purchaser portal gives you access to all key property documentation, including the Form 1 (Vendor Statement), Form R3 (Buyer Information Notice), and the templated Contract of Sale. Once registered, you'll also be able to complete and submit an offer using our digital offer form. Access the purchaser portal by following the link provided below:
• https://bit.ly/33Odgers
For more information:
• Please contact the selling agents directly: Both Jordan and Vincent proudly represent Crawford Doran Pty Ltd and welcome any enquiry on this exciting property listing.
Disclaimer:
• While we have made every effort to ensure the accuracy and completeness of the information presented in our marketing materials, we cannot guarantee the accuracy of information provided by our vendors. Accordingly, Crawford Doran Pty Ltd disclaims any statements, representations, or warranties regarding the accuracy of this information and assumes no legal liability in this regard. We encourage interested parties to conduct their own due diligence when considering the purchase of any property. Please note that all photographs, maps, and images are for marketing purposes only, and should be used only as a guide.