Comprising some 868sqm* of land, the site is together with favourable Urban Corridor zoning with planning potential up to 7 levels (subject to Council consent).
Boasting a prime city fringe address, similar opportunities for development are limited. The site is currently offered with a development approval for six (6) high end townhouses of 2 and 3 storeys.
Offering a high-quality, rare opportunity to invest in a mixed-use development site. Currently being utilised as a carpark with a licensing agreement through PriPark providing holding income until commencement of redevelopment.
Whilst full development approvals are in place for a prominent six house site over two and three levels, flexible options with the Urban Corridor zone provides complete flexibility in zoning to suit a range of intentions with scope for commercial, residential, apartments, retail use or medical (STCC).
Key Features:
868sqm* allotment with 16.76m* frontage
Urban Corridor zoning, Boulevard, City of Unley
Immediate proximity to Adelaide Showgrounds with car park profit share arrangement returning significant holding income throughout peak showground events.
Build- ready with plans and permits for 6 townhouses
Going concern with holding income plus duty and GST concessions
Sealed and line marked for up to 38 car parks
DA approval already in place - contact agents for plans and approvals
Potential development up to 7 stories (STCC)
Highly desirable location on the cusp of the CBD, Greenhill & Goodwood Roads
350m* to both tram & bus stops
116 Rose Terrace Wayville is offered for Sale by Expressions of Interest closing Thursday 11th August 2022 at 4pm.
For more information, please contact the exclusive marketing agents Cushman & Wakefield and Noakes Nickolas.
SAM ALEXANDER
+61 457 888 213
sam.alexander@cushwake.com
RLA 315 726
ZAC WATTS
+61 448 217 726
zac@noakesnickolas.com.au
RLA 315 571
* approximately
