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5-9 Prospect Place
Adelaide SA 5000

Bedrooms: 5
Bathrooms: 1
Car spaces: -
Land area: 190.51m2
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Rare Corner Development Site in Adelaide City

Meier Paul Real Estate presenting this fantastic development opportunity.
The property is located walking distance to everything you could possibly need! Close to the city tram service and other public transport services, Royal Adelaide Hospital, SAHMRI (South Australian Health and Medical Research Institute), University precinct and close to Adelaide Convention Centre, Riverbank and Art Precincts, Casino, New Women and Children Hospital, Chinatown, Adelaide Central Market, Victoria Square and Rundle Mall Shopping Precinct. You are within walking distance to good public and private schools, cages, restaurants and Adelaide Oval.
The property is local heritage listed and zoned Capital City and may suit mix use residential and commercial development (STCC). The City of Adelaide Heritage Incentives Scheme for improvement and renovation on the building is available subject to approval.
KEY PROPERTY FEATURES:
- Mixed-use residential and commercial development potential
- Corner site of 191m2
- Currently Tenanted with a periodic lease
- 5 bedrooms & multiple kitchens
- Walking distance to transport, Royal Adelaide Hospital, major shopping districts, cafes, restaurants and University of Adelaide & South Australia.
Take advantage of this great opportunity. To find out more information, or to arrange an inspection, please contact Get Sen Ngo on 0418 828 168 or Suzanna Paul on 0433 815 582.
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Property Details for 5-9 Prospect Pl, Adelaide

5-9 Prospect Pl, Adelaide is a 5 bedroom, 1 bathroom House. The property has a land size of 190.51m2. The place is currently for sale with Meier Paul Real Estate.

Building Type
House
Land Size
190.51m2

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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 17,723 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:

  • The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
  • Houses have a median rent of $610 while Units have a median rent of $580.
There are currently 177 properties listed for sale, and 83 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 999 properties were sold in the past 12 months in Adelaide.

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