Unlock one of Adelaide's Best Development Sites Knight Frank Adelaide is delighted to offer to the market For Sale an exceptional multi-level development opportunity in Norwood on The Parade, widely regarded as eastern Adelaide’s premier lifestyle, retail and commercial main strip.
The property comprises two regular shaped rectangular titles with a frontage of over 45 metres* to The Parade and a site area of 1,996 sqm*.
In addition is the option to purchase the property at 66a Sydenham Road, Norwood, currently comprising a residence, providing rear access to the main property via Sydenham Road and increasing the combined landholding...
Mortgagee Sale - Prime Development Site with Significant Holding Income * Site area 1,955 square metres approximately on two Titles * Ideal for residential development (s.t.c.c.) * Current income $108,928 p.a. gross (approximately) * Zoned Mixed Use B * Leases to four national tenants plus residential * Located just off cosmopolitan Norwood Parade * Inspections strictly by appointment with the consultants
Expressions of Interest close on Thursday 19th September 2013 at 4.00 p.m.
Invest, Occupy or Develop • Outstanding character building leased to Adelaide Central School of Art expiring September 2012
• Superb location only metres from The Parade
• Strategic site of 2,747m2 approx (frontage 47.54m)
• Zoned 'Residential - Norwood Policy Area'
• A rare acquisition opportunity with future development potential (STCC)
Quality Fringe Investment * Current rental of $55,437 per annum approx * Securely leased until 31/8/2018 * Further term of 3 years * Rent review annually at 3%, market on renewal * Tenant pays all outgoings (exc Land Tax) * Situated on a strategic corner site of 644 square metres approx * Future development potential * Highly sought after Fringe location * Retail showroom/workshop of 423 square metres approx * Valuable rear access and car parking * Zoned Business - Beulah Road Policy Area