A unique opportunity to purchase a commercial property/development in vibrant North Adelaide.
The site currently hosts a multitude of medical rooms, a self contained apartment and double garage. At the rear of the property sits approximately 450sqm (approx.) of prime North Adelaide turf which meets council requirements to be developed into 3-6 story apartments (STCC) or subdivide and develop entire parcel of land into 3-6 story apartments with the total allotment being 825sqm all subject to council consents.
*** Note: Current tenant prepared to sign a short term (6-18m) lease for $70,000 + OG per annum or delay settlement by up to 18 months to facilitate planning.
What we love:
- Large land holding ripe for development potential
- Commercial property with huge car park
- Business friendly layout with 7-8 separate rooms
- Incredible location 100m away from O'Connell Street
- Flexibility of options as the buyer, keep the existing arrangement or subdivide (STCC)
Disclaimer:
All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.
