Mastracorp is proud to offer this outstanding development site opportunity with three points of access only possible from the dual street frontages, Morphett Steet and Hamilton Place, as well as a free and unrestricted right of way over the adjacent land to Reeves Street. Zoned as Capital City within the fast developing south-western quadrant of the city, the development options boosted by its accessibility is a versatile and exciting proposition. (S.T.P.C.)
Current improvements and set up include a retail/office building of some 208sqm* and small storage shed with onsite car parking at the rear accessed from Hamiliton Place. A prime location enjoyed by its current occupier Klempa Office Machines for over 30 years, the property can continue to provide a great source of holding income whilst you fine-tune and submit your development plans unlocking the land's full potential.
Features of the property to note:
- 376sqm corner allotment
- Dual Frontage on Morphett Street and Hamilton Place
- Right of Way over the adjacent property giving access to Reeves Street
- Capital City Zone within the Adelaide City Council
- Office/ Retail of 208sqm + Small Storage Shed
- Rear Carparking accessed from Hamilton Place
- Sold as Vacant Possession
The zone is described by Plan SA to have the desired outcomes:
1. A zone that is the economic and cultural focus of the state supporting a range of residential, employment, community, educational, innovation, recreational, tourism and entertainment facilities generating opportunities for population and employment growth.
2. High intensity and large- scale development with high street walls reinforcing the distinctive grid pattern layout of the city with active non-residential ground level uses to positively contribute to public safety, inclusivity, and vibrancy. Design quality of buildings and public spaces is a priority in this zone.
Refer to the Plan SA zoning extract in our full Information Memorandum- enquire today
Property Code: 2345
