2/2A Warwick Avenue

Kurralta Park SA 5037

Turner Real Estate is proud to present a sensational offering that will be sure to get Builders, Developers, Investors and Renovators captivated. Let your imaginations go wild with the array of potential and possibilities this remarkable site offers.
Those in the know will be well acquainted with the flexibility of the Urban Corridor Zone (Boulevard Policy Area 34) and its ability to allow multi-level redevelopment. The expansive dimensions of this unique 2,224m2 (approx.) corner allotment are perfectly matched by its prime location, exceptional scope, existing improvements and significant rental income potential. With 16 x fully furnished one (1) bedroom units (each of which are individually strata titled) currently occupying the site, Turner Property Management have appraised the units at $230/week each (or over $191,000/yr) which provides a good source of cashflow whilst you decide what to do. Retain and rent as-is or explore options to redevelop (STCC) this vast site, the choices are endless and yours to make.
Location is everything. At less than 5kms from the Adelaide CBD, the well-established Kurralta Park is perfectly positioned between the City and the Sea and well serviced by bus and rail services. Its also located right next door to the Kurralta Park Shopping precinct and within close proximity to a network of quality schooling, retail and entertainment options. Not to mention Ashford hospital and the 43,000 cars that drive down Anzac Highway everyday.