When opportunity knocks; 22 dwellings on one very big piece of Hawthorn
Offers Close Mon, 17th Jun - 1pm (usp)
Twenty two single-bedroom units on some 4000sqm (approx) overlooking Price Memorial Oval. An investment or development opportunity of momentous proportions. A world of possibilities in a highly sought after locale near the likes of Mitcham Square and some of Adelaide's most esteemed colleges and public schools.
No, you're not dreaming.
What has long belonged to AnglicareSA and operated under the community housing scheme has now been released for public consumption, giving prolific investors and developers the scope to either bring these 1960's homes into the 21st century or divide, build and conquer the site from the ground up (STPC).
Each dwelling features one spacious bedroom and bathroom, heating/cooling provisions, functional kitchen, off-street parking for many, all in a relatively low-maintenance landholding. Some modest cosmetic updates will likely have eager renters queueing on Angas Road.
Just a short walk from Mitcham Square and Cinema, Kingswood Oval, Mitcham Library, Scotch College and public transport for lightning fast connection to the CBD, opportunities of this scale simply don't come around at all, let alone in a location like this. Time to call the council.
Features we love...
- The scope to update the dwellings and create a high-return rental roll
- Large-scale development opportunity subject to planning consent
- Huge 4000sqm (approx) of land, with 40.08m frontage and depth of 101.22m
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