Potential Packed - Residential or Commercial
Delightfully nestled in a large traditional allotment of 725m, this sensational, solid brick austerity residence offers a rare and desirable opportunity that will appeal to both commercial and residential purchasers.
The large 725m allotment offers a plethora of future use potential with broad council zoning providing an opportunity for commercial or residential development.
The building features 5 main rooms across a generous 7 room design. Ample natural light and polished timber floors feature in the traditional layout along with a single garage and generous rear yard.
The building has been partially updated and presents an exciting blank canvas that could easily be converted to a contemporary office building or upgraded residence. Lenient council zonings provide the potential and appeal to utilise the existing building as offices and construct warehouse accommodation toward the rear of the allotment. (Subject to necessary planning approvals).
A great location close to the Churchill Centre and Prospect Road lifestyle dining and entertainment, all with easy access to public transport and high traffic exposure to 30,000 cars per day is the icing on the cake to this exciting broad-spectrum offering.
Residential purchasers will certainly enjoy the elite school zoning to Adelaide High and Adelaide Botanic High Schools, with other quality private school is nearby in the neighbourhood.
If you're interested in a budget renovation for residential use or exciting commercial opportunity then your further pursual of this exciting offering is highly recommended.
Briefly:
Solid brick austerity home on large 725m allotment
Partial renovations throughout the 7 room layout
Original polished timber floors and ample natural light
Potential to convert to office or residential accommodation
Large rear yard with ample room for any future warehouse construction (subject to necessary planning approvals)
Great location close to the Churchill Centre
Zoned to Adelaide High and Adelaide Botanic High Schools
Easy access to public transport
High exposure site to approximately 30,000 cars per day
Local schools include Prospect North Primary, Enfield Primary and Our Lady of The Sacred Heart College, with TAFE SA Regency Park just down the road. Public transport is nearby on Prospect Road along with the vibrant inner north restaurant and caf precinct. Quality shopping at the Churchill Centre includes Kmart, Coles and the new Costco, with Northpark Shopping Centre, Regency Plaza, Coles Prospect and Sefton Plaza at your doorstep.
Take advantage of this exciting broad-spectrum opportunity and make your further enquiries.
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.
Ray White Paradise are taking preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.
Property Details:
Council | PROSPECT
Zone | E - Employment\\
Land | 721sqm(Approx.)
House | 133sqm(Approx.)
Built | 1958
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.
Prospect has 6,906 properties. Over the last 5 years, Houses in Prospect have seen a 99.27% increase in median value, while Units have seen a 64.37% increase. As at 31 October 2024:
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