FOR SALE
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10 Main North Road
Thorngate SA 5082

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 173m2
Land area: 1006m2
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UNIQUE DEVELOPMENT OPPORTUNITY (HIGH DENSITY COMMERCIAL/RESIDENTIAL ELEMENT).

Phone enquiries - please quote property ID 32390.
OFFICE SPACE, Investment Property… only minutes from CBD!!
Unique Development Opportunity in Thorngate: High-Density Residential with Commercial Element, Office Space, and Investment Property
Situated just minutes from the Adelaide CBD, this impressive 1920s Stone Front Executive Bungalow at 10 Main North Road, Thorngate, presents a rare opportunity for developers, home-based businesses, and professionals alike.
With 19.05 meters of road frontage and a large 1006 sqm block, this property offers a range of options for its prospective owners. Upon entry through the double front gates, visitors can park off-road in the expansive rear parking area, complete with an additional undercover carport. A veranda shelters the front of the property, leading to a spacious reception area via a wooden and glass door.
This property boasts three generous bedrooms and two bathrooms, including four fireplaces, two of which are functioning. A sunroom leads out to the rear of the property and a covered entertaining area, overlooks the enormous backyard.
Recently rezoned by the Prospect City Council as the ‘Urban Corridor Zone,' this property provides developers with the opportunity to build high-density residential dwellings in conjunction with a commercial element (such as offices) subject to council approval.
Currently utilized as a home office (previously a thriving business), the property has been rewired and still features all of the office wiring required for a business to move in and begin operating..
This versatile property offers a broad range of uses, including as a home occupier, home-based office, or professional office. Additionally, the roof and gutters have been replaced for added convenience.
Positioned among five neighbouring residential properties, this unique development opportunity is ideally located near public transport (bus stop meters away, heading to Adelaide CBD), as well as the vibrant shopping and dining precincts of O'Connell Street, North Adelaide, and Prospect Road..
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Property Details for 10 Main North Rd, Thorngate

Building Type
Commercial
Floor Size
173m2
Land Size
1006m2

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About Thorngate 5082

The size of Thorngate is approximately 0.1 square kilometres. The population of Thorngate in 2011 was 13,008 people. By 2016 the population was 195 showing a population decline of 98.5% in the area during that time. The predominant age group in Thorngate is 50-59 years. Households in Thorngate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thorngate work in a professional occupation. In 2011, 65.4% of the homes in Thorngate were owner-occupied compared with 90.2% in 2016..

Thorngate has 73 properties. Over the last 5 years, Houses in Thorngate have seen a 91.43% increase in median value. As at 31 October 2024:

  • The median value for Houses in Thorngate is $2,013,541 while the median value for Units is $645,509.
There are currently 3 properties listed for sale, and no properties listed for rent in Thorngate on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Thorngate.

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