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Thursday 21st 10:30-11AM
Ray White South Australia's Commercial Specialist Matt Lazarus & Nick Borrelli of Ray White Campbelltown are excited to present for sale 51 George Street, Parkside situated across 2 valuable titles. Offered for sale for the 1st time in 45 years, this attractive corner site with huge upside potential is as rare as they get.
The asset comprises the following key attributes:
Exclusive Established Neighbourhood Zone
Character building facing George Street
Total building area of 136sqm*
Total land area of 482sqm*
Dual street frontage
Only 4kms from Adelaide City Centre, Rundle Street Precinct and Rundle Mall.
A blank canvas character building with unlimited potential - residential, office, retail, hospitality, and more (STNC).
Suited to owner occupiers, investors, value-add parties, traders, land bankers and developers.
Property across 2 titles
The property will be sold by way of public auction at 11:00am on the 21st September 2023.
For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 0430745100 or Nick Borelli on 0432270893
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
RLA 322799
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
The size of Parkside is approximately 1.4 square kilometres. It has 7 parks covering nearly 2.3% of total area. The population of Parkside in 2011 was 4,633 people. By 2016 the population was 4,808 showing a population growth of 3.8% in the area during that time. The predominant age group in Parkside is 30-39 years. Households in Parkside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkside work in a professional occupation. In 2011, 60.2% of the homes in Parkside were owner-occupied compared with 59.6% in 2016.
Parkside has 2,718 properties.
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