687 Lower North East Road

Paradise SA 5075

Please note that this site is zoned Urban Corridor (Business) which is primarily a commercial zoning. The zone does allow for some mixed usage, so the potential purchaser could explore a commercial type development at the front with rear dwellings or lower level commercial with upper level residential etc. (Subject to planning consent)

There are a multitude of options here and development can be between 2 and 4 levels (up to 16.5m total) which caters to a wide variety of development styles. Realistically, a consultation between a developer and architect/designer would be required to fully understand the potential of the site given it will largely come down to design of the proposed building or buildings (Subject to planning consent).

*Please note that this fantastic opportunity consists of both properties being on 2 separate titles and are both currently tenanted, while being owned by the same vendors.

Tenancy details:
685 Lower North East Road - Fixed term tenancy until the 28/01/2025 paying $1000 per fortnight.
687 Lower North East Road - Fixed term tenancy until the 05/04/2024 paying $1150 per fortnight.

Features of 685 Lower North East Road, Paradise consist of the following:
- Situated on approximately 1055sqm of land, south eastern in orientation facing a major arterial road.
- 3 bedrooms.
- Sizeable kitchen and walk in pantry.
- Ample storage & off street parking.

Features of 687 Lower North East Road, Paradise consist of the following:
- Situated on approximately 558sqm of land, south eastern in orientation facing a major arterial road.
- 3 bedrooms with built in robes to bedrooms 1 and 3.
- Sizeable separate lounge room.

Located within minutes from a suite of high quality, convenient amenities such as:
- Newton Central shopping centre, Gilles Plains shopping centre and Dernancourt shopping centre.
- Gourmet eateries and fantastic speciality stores all along the thoroughfare that is Lower North East Road.
- Campbelltown Memorial Oval.
- The newly refurbished Thorndon Park.
- Paradise O'Bahn Interchange and many more.

*Please note that this site is zoned Urban Corridor (Business) which is primarily a commercial zoning. The zone does allow for some mixed usage, so the potential purchaser could explore a commercial type development at the front with rear dwellings or lower level commercial with upper level residential etc. (Subject to planning consent)

There are a multitude of options here and development can be between 2 and 4 levels (up to 16.5m total) which caters to a wide variety of development styles. Realistically, a consultation between a developer and architect/designer would be required to fully understand the potential of the site given it will largely come down to design of the proposed building or buildings (Subject to planning consent).

With so many features and located within minutes to so many amazing local amenities an in person inspection is an absolute must!

Please note that this property is scheduled to be auctioned on the 9/03/2024 @ 11:30AM and all questions can be directed to Mohit Gupta of Ray White Modbury on 0421472034

DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

RLA-322341